On this earth, the land is limited, while the population is increasing. Even sparsely populated New World U.S. also faces the practical problems. If the local government to sell the land only as financial gains, sooner or later, this tax will be depleted. The real estate tax is a long-term financial stability of local government revenue. U.S. real estate tax levy history. Back in 1792, when there are four states levy property taxes, to the early 20th century, the United States set up in every state real estate law, real estate tax levy. But it needs to be noted that the U.S. real estate tax is neither federal tax, state tax is not, but the county taxes. Because the United States and China different administrative system, in addition to Washington, DC for the municipalities, the United States any city, regardless of size are under the jurisdiction of the county. Such as the City of Los Angeles in Los Angeles County jurisdiction, so the public's property taxes turned over to the Los Angeles Los Angeles County.

United States is very different from the real estate tax. California percent on average about 1:05. And Texas is as high as 3%. So many retired Americans are less willing to go to the state pension tax, which takes into account is the real estate taxes. Even in a state with each county's real estate tax is also different. I live in Orange County and the neighboring counties of Los Angeles real estate taxes are different, but the difference is small, the average counties throughout California real estate tax of about 1.5%, that is worth 10 million homes annually handed a one thousand five hundred Yuan Real Estate tax.

Real estate tax is not only a stable local government revenue, this revenue growth year after year also. Because from the perspective of long-term social development, real estate prices are rising, different areas, different growth rates. A 1500 feet of homes, built 50 years ago, selling price of 40,000 U.S. dollars, is now about 500,000 or 600,000 dollars. The average American every seven years to 10 years for a housing. Once every sale, local governments levy taxes to the selling price. In short, 50 years ago, the local government to 40,000 dollars for this building Bed taxes, now is the $ 500,000 tax levy.

Of course, this steady income, there are also risks will. During the financial crisis, the local government's sharp decline in the real estate tax, the one no active buying and selling homes, and secondly, house prices fell 30%, or 40. Local governments will automatically 2005-2007 climax estate buyers of houses in the real estate tax adjustments reduced. 2005 to buy a house worth 500,000, in 2009 only worth 350,000, homeowners will receive notification County, he will be 350,000 to pay property taxes. If not received any notification, homeowners can automatically contact with the county government, a telephone, and his estate tax is reduced.

Real estate taxes to local governments is not only beneficial for the homeowners also have certain advantages. U.S. homeowners to pay real estate taxes, personal income tax can be offset part.

As an example, George annual salary of 60,000 each year on April 15, he must pay to the federal personal income tax last year. There are many tax forms tax deductible items, real estate tax is one of them. George the annual property tax is 5,000. He could be subtracted from the 60,000 annual salary of five thousand, and finally turned into 50,005 one thousand revenue to the salary tax, personal income tax of course pay less.

This is what Americans have a formal job, are willing to buy a home, one of their homes, two real estate appreciation, their homes as little treasuries, three is the annual pay less personal income tax.