Homeowners experience the burden on housing markets directly, and as a result realtors must understand these markets and their impacts. Currently homeowners experiencing the heaviest overall tax burden paid seven times more of a percentage of their income than those with the lowest overall tax burden.
In order to determine the best and worst housing markets for taxes, information was gathered from estimated property taxes, sales taxes, and state income taxes through The Office of Revenue Analysis. The standard for the lowest and highest household income is based on the average family comprised of three members. The low end of the spectrum is at $25,000 with the high being $150,000.