article thumbnail

Homeowners in These States Paid the Highest Property Taxes in 2021

Pro Builder

The Northeast accounted for the largest share of U.S. On the opposite end of the spectrum were Hawaii, with an average effective tax rate of 0.28%, and Alabama, with an annual real estate tax bill of $815 in 2021, according to NAHB Eye on Housing. After accounting for 39.9% After accounting for 39.9% of the total in 2021.

Texas 96
article thumbnail

Business Facilities’ 15th Annual Rankings: State Rankings Report

Business Facilities

Tennessee, Virginia and Alabama are the top-ranked states, respectively, in BF’s flagship Best Business Climate ranking. Tennessee is proud to be a right-to-work state with no personal income tax on wages. The Utility Account helps rural communities finance necessary infrastructure upgrades to attract future business.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Georgia Ports See Surge In Private Investments, Record Cargo Volumes

Business Facilities

We’re adding market share through organic growth and the addition of new accounts, and we’re building the new infrastructure necessary to continue processing this cargo with world-class efficiency.”. billion in income, $84.1 GPA Executive Director Griff Lynch delivers his State of the Port address in Savannah, GA. percent increase.

Georgia 41
article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

ALABAMA - updated for 2014. Alabama Infrastructure Grant Program: Funds are available to public entities for extension of water, sewer and road facilities to service new or expanding industries. Businesses that request CAPCO investment funding must meet certain criteria and requirements set by the Alabama Development Office.

Income 108
article thumbnail

STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

INCOME TAX CAPITAL CREDIT: Currently codified as Article 7, Chapter 18, Title 40, Code of Alabama 1975. It is a credit of five percent of the capital costs of a qualifying project, to be applied to the Alabama income tax liability or financial institution excise tax generated by the project income, each year for 20 years.

Income 75
article thumbnail

FEATURE STORY: 2013 Economic Development Awards

Buisness Facilities Contributed Content

Qualifying businesses are eligible to receive an accelerated, 10-year state income tax depreciation deduction, a sales tax exemption for equipment and materials purchased from the date of the project’s certification until three months after the facility is completed, and a 10-year ad valorem tax exemption. Great Lakes U.S. - New England U.S.

El Paso 106
article thumbnail

SPECIAL REPORT: The Carolinas Are Bringing The Business

Buisness Facilities Contributed Content

Our state could very well become the aerospace hub, when you bring all these suppliers in here to supply not only Boeing but possibly Airbus in Alabama,” he said. The plan took into account the goals that the County has set for itself and will serve as the roadmap to enhancing the economic potential of the community.