Answer: $2,279

How does your state rank (click here for the details behind the map)?

Questions:

• How does your state rank when it comes to real estate property taxes? 
• If you are a renter, do property taxes matter since the property owner pays them? Explain your answer.

Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (WalletHub): 

Depending on where you live, property taxes can be a small inconvenience or a major burden. The average American household spends $2,279 on property taxes for their homes each year, according to the U.S. Census Bureau...And though property taxes might appear to be a non-issue for the 36 percent of renter households, that couldn’t be further from the truth. We all pay property taxes, whether directly or indirectly, as they impact the rent we pay as well as the finances of state and local governments.

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NGPF recently updated their Taxes Unit. Be sure to check out the most-up-to-date tax lessons and activities here!  

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About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.