U.S. Among World’s Lowest In Luxury Property Taxes

Real Estate

U.S. Among World’s Lowest In Luxury Property Taxes! 


 

A study of 26 countries has found that the U.S. levies one of the lowest property purchase taxes in the world. With an average 0.6% in taxes, or $6,000, for properties of $1 million, U.S. property taxes are below one-fifth the global average of 3.3%, or $33,038.

European countries rank the highest in the study conducted by UHY LLP, a London-based network of independent certified accountants. Belgium has the highest taxes on properties of $1 million with  11.3%, translating to $113,131. On the other hand, New Zealand's lack of local or federal transaction taxes on real estate ranks it at the bottom of the study with 0.0%.

Dennis Petri of UHY Advisors note that low property taxes encourage relocation of senior executives and overseas investment from high-net-worth individuals while high property taxes put a strain on job creation, business investment and on the wider economy.

Source: mansionglobal.com

 

Check Out Our Arizona Luxury Homes For Sale:

 

Featured picture for the property 5412151

1301 N Val Vista Drive

Mesa, AZ 85205

$5,300,000

  • 6 
  • 8 
  • 11685 
  •  Active
  •  5412151
Enter Thru Stately Wrought Iron Gates To An Immaculate 4.4 acre Citrus Grove Private Estate! Drive Thru The Grand Porte-Cochere w/ An Elegant Water Fe...
Listing courtesy of Keller Williams Realty East Valley 

 

 

 

 

 

 

 

Featured picture for the property 5374207

3535 E GRANDVIEW Street

Mesa, AZ 85213

$1,495,000

  • 6 
  • 8 
  • 9966 
  •  Active
  •  5374207
You won't find another home like this: 9,966 sqft. home w/ imported slate roof and unique brickwork by real artisan bricklayer! 6 beds, 5 full & 3 1/2...
Listing courtesy of Keller Williams Realty East Valley 
Sat 9/3, 11:00AM - 3:00PM

 

 

 

 

 

 

 

Featured picture for the property 5454660

4318 N SAGEWOOD Circle

Mesa, AZ 85207

$1,450,000

  • 5 
  • 4.5 
  • 5598 
  •  Active
  •  5454660
Enter this custom home from a private courtyard. At the front door you're greeted byMountain views through a disappearing glass wall. Large gourmet ki...
Listing courtesy of Keller Williams Realty East Valley 

 

 

 

 

 

 

 

Featured picture for the property 5453760

2457 E AMBER Court

Gilbert, AZ 85296

$1,069,000

  • 4 
  • 5.5 
  • 5249 
  •  Active
  •  5453760
Built in 2014, this 4 bed (can be 5) 5.5 bath 5,249 sq ft home is great for RV Owners, Multi Car Owners, Boats, Razrs, Quads, Motorcylces or other toy...
Listing courtesy of Keller Williams Realty East Valley 
Sat 9/3, 11:00AM - 3:00PM

 

 

 

 

 

 

 

 

Call
OFFICIAL LISTING AGENT, SHANNA DAY
for any questions or showing requests:

480-415-7616

 

More Arizona Luxury Homes For Sale:

4327 N Sonoran Heights Cir Mesa, AZ 85207

1435 E Raven Court, Gilbert, AZ 85297

5335 N. Invergordon Rd. Paradise Valley, AZ 85253

 

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U.S. Among World’s Lowest In Luxury Property Taxes!