Tax Structure: Habitat For HumanityHabitat for Humanity is a nonprofit organization dedicated to building homes for low-income people. This organization requires potential homeowners or others to help build their homes to reduce the cost of financing homeownership. This article focuses on the percentage of property tax revenue, two arguments in favor and two arguments on property tax relief for Habitat of Humanity owners and resolution of the cases. Quantification “In 2004, property tax revenues in the United States exceeded $300 billion. responsible for approximately 72% of all local tax revenues, representing the largest source of tax revenue for local governments” (cited in Shan, 2010, p. 195). National statistics do not distinguish Habitat for Humanity owners from other owners. Therefore, this is also true for Wake County. Currently, Wake County uses a formula approach to property taxes to ensure fairness in tax payments. This formula approach takes the market value of the home divided by $100 times adding the county rate of 0.534 with the City of Raleigh rate which is 0.3735 and a recycling fee of $20.00. For example, a home valued at $150,000/100 (0.9075) + $20 would pay $1,381.25 in property taxes. Neighboring Johnston, Franklin, Chatham and Durham counties also use this formula to assess property taxes, which is consistent with North Carolina general statutes. As a result, Habitat for Humanity homeowners pay the same property tax rates as their neighbors, ensuring fairness in the payment of property tax revenues. Arguments for Property Tax Relief Habitat for Humanity homeownership is based on income; therefore, any future property tax assessments should be in the middle of the document. Finally, Habitat for Humanity should reconsider its mortgage calculations and provide in-depth guidance on the effects of property taxes on home mortgages.ReferencesNetzer, D. (1973). The incidence of property tax revisited. National Tax Journal, 26(4), 515-535. Leonard, T. and Murdoch, J. C. (2009). The effects of the seizure on the neighborhood. Journal of Geographic Systems, 11(4), 317-332. doi:10.1007/s10109-009-0088-6Mikesell, J.L. (2010). Tax administration: analysis and applications for the public sector (8th ed.: custom edition 2010). Mason, OH: Cengage Learning Shan, H. (2010). Property taxes and mobility of the elderly. Journal of Urban Economics, 67(2), 194-205. Wake County. (nd). How your property tax money is used. Retrieved from Wakegov.com website: http://www.wakegov.com/NR/rdonlyres/6D11C633-E80E-40FA-BF45-2E21C8B1EDEF/0/Charts2011.pdf