How Real Estate Taxes Impact You
When it comes to real estate taxes, the numbers can be overwhelming.
But when you take a look at the details of the tax code, there’s one thing that’s obvious.
Tax brackets, as you know them, have an impact on your property taxes.
While the federal tax rate, the average federal tax bracket for the years 2017 and 2018, is 13.4%, and the average state tax bracket is 15.8%, they are different.
So, how much of your taxes go to the state and federal governments?
Let’s take a closer look.