Expenditures: Property Taxes by Region: Residence in the Northeast Census Region
CXU220211LB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,149.00
Year-over-Year Change
38.30%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures property tax expenditures by households residing in the Northeast census region of the United States. It provides important insights into regional variations in household tax burdens.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Expenditures: Property Taxes by Region: Residence in the Northeast Census Region data series tracks household spending on property taxes in the Northeastern United States. This metric is a key indicator of local tax conditions and household financial pressures in the region.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This regional property tax data informs economic policy decisions and helps analysts understand geographic differences in cost of living.
Key Facts
- Households in the Northeast pay the highest average property taxes in the U.S.
- Property taxes account for a significant portion of monthly expenses for many Northeastern homeowners.
- Tax burdens vary considerably between states and localities within the Northeast census region.
FAQs
Q: What does this economic trend measure?
A: This data series tracks household spending on property taxes for residents living in the Northeastern United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into regional variations in household tax burdens, which informs economic policy and cost of living analysis.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Q: How is this trend used in economic policy?
A: This regional property tax data informs economic policy decisions and helps analysts understand geographic differences in cost of living.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, but may have some lag time in reporting the most recent figures.
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Citation
U.S. Federal Reserve, Expenditures: Property Taxes by Region: Residence in the Northeast Census Region (CXU220211LB1102M), retrieved from FRED.