Residential Finance Survey

Residential Finance Survey: 2001 - South
Table 8-1d. Mortgage Status, Condominium Properties
^Number of properties in thousands.
For information on confidentiality protection, sampling error, nonsampling error, and definitions, see text.
For minimum base of derived figures (percent, median, etc.) and meaning of symbols, see text.
@3Permanent (closed end) mortgages - excludes properties with home equity lines of credit as only mortgage.
Monthly Rental Receipts, Rental Receipts as Percent of Value, Rental Vacancy Losses as Percent of Potential Receipts, and Real Estate Tax as Percent of Rental Receipts acquired before 2000 exclude properties with less than half of units in rental market during all of year preceding survey and cooperatively owned apartments^^

			Mortgaged properties
	Total properties	Nonmortgaged properties	Total mortgaged properties	Properties with traditional first mortgage@3	Properties with home equity line of credit only
Homeowner condominium properties	1242	591	651	634	17
PROPERTY CHARACTERISTICS Property Location by Geographic Area Inside MAs	1189	557	632	615	17
In central cities	332	143	189	187	2
Not in central cities	857	415	443	428	14
Outside MAs	52	34	19	19	0
Manner of Acquisition By purchase	1096	521	575	560	15
Placed one new mortgage	669	133	536	530	6
Placed two or more new mortgages	12	0	12	12	0
Assumed mortgage(s) already on property	25	14	11	11	0
Assumed mortgage(s) already on property and placed new mortgage	1	0	1	1	0
Borrowed using assets other than this property as collateral	8	6	2	0	2
Paid all cash-no borrowing	380	369	12	5	6
Other manner	0	0	0	0	0
By inheritance or gift	31	30	1	1	0
By divorce	4	1	2	2	0
By some other manner	40	12	28	28	0
Not reported	71	27	45	43	2
Source of Downpayment@1 Properties purchased 1995 to 2001 (part)	625	214	411	407	4
Sale of previous home	189	86	103	101	2
Sale of other real property or other investments	50	25	25	23	2
Savings	317	57	259	257	2
Borrowing from a retirement plan	7	1	5	5	0
Borrowing using assets other than this property as collateral	16	8	8	8	0
Proceeds from an insurance policy	1	0	1	1	0
Payments in a lease-purchase agreement	6	6	0	0	0
From a state or local government source	0	0	0	0	0
From a non-profit organization	6	0	6	6	0
From parents or relatives	44	11	33	33	0
Other	16	5	11	11	0
No downpayment required	48	27	21	21	0
Not reported	33	18	15	15	0
Other properties	580	368	212	200	12
Not reported	37	9	28	28	0
Year Property Acquired 1999 to 2001 (part)	363	110	253	249	4
1997 and 1998	211	80	130	130	0
1995 and 1996	117	45	72	72	0
1990 to 1994	232	124	108	104	5
1985 to 1989	127	86	42	40	2
1980 to 1984	80	52	28	22	6
1975 to 1979	68	54	14	14	0
1970 to 1974	33	33	0	0	0
1969 or earlier	11	7	4	4	0
Building and Land Acquisition Acquired at same time	908	460	448	437	11
Not acquired at same time	17	7	10	10	0
Land not owned by building owner	272	107	165	159	6
Not reported	45	17	28	28	0
Property New or Previously Occupied When Acquired Acquired by purchase	1096	521	575	560	15
New	248	135	113	109	4
Previously occupied by someone else	833	380	453	442	11
Converted from non-residential use	5	2	3	3	0
Other	0	0	0	0	0
Not reported	11	5	6	6	0
Other properties	74	43	31	31	0
Not reported	71	27	45	43	2
Year Structure Built 1999 to March 2000	47	13	34	34	0
1997 and 1998	69	19	50	50	0
1995 and 1996	49	16	33	33	0
1990 to 1994	143	62	81	76	5
1980 to 1989	402	191	211	207	4
1970 to 1979	369	202	168	166	2
1960 to 1969	97	59	38	33	5
1950 to 1959	26	12	14	14	0
1940 to 1949	12	8	5	3	2
1939 or earlier	27	10	17	17	0
Purchase Price Properties acquired by purchase 1997 to 2001 (part)	531	175	356	352	4
Less than $20,000	20	19	1	1	0
$20,000 to $39,999	44	22	22	22	0
$40,000 to $59,999	79	21	59	57	2
$60,000 to $79,999	90	30	61	61	0
$80,000 to $99,999	66	14	52	50	2
$100,000 to $124,999	78	33	45	45	0
$125,000 to $149,999	56	17	39	39	0
$150,000 to $174,999	19	10	10	10	0
$175,000 to $199,999	17	0	17	17	0
$200,000 to $249,999	20	1	18	18	0
$250,000 to $299,999	18	6	12	12	0
$300,000 to $499,999	14	2	12	12	0
$500,000 or more	10	0	10	10	0
Median	89429	77003	93686	94287	80494
Mean	115751	88518	129103	129819	71969
Other properties	711	416	295	282	12
Value Less than $20,000	21	19	2	2	0
$20,000 to $39,999	79	49	30	30	0
$40,000 to $59,999	127	76	51	51	0
$60,000 to $79,999	226	115	110	104	6
$80,000 to $99,999	234	91	142	139	4
$100,000 to $124,999	155	59	96	91	4
$125,000 to $149,999	118	47	70	70	0
$150,000 to $174,999	51	24	27	25	2
$175,000 to $199,999	41	23	19	19	0
$200,000 to $249,999	70	37	33	33	0
$250,000 to $299,999	50	30	19	19	0
$300,000 to $499,999	55	17	38	38	0
$500,000 or more	16	4	12	12	0
Median	94398	87979	98511	98727	90947
Mean	122092	113340	130042	130996	93552
Purchase Price as Percent of Value@8 Acquired by purchase	1096	521	575	560	15
Purchased 1997 to 2001 (part)	515	169	346	341	4
Less than 60 percent	32	21	11	11	0
60 to 69 percent	54	26	28	28	0
70 to 79 percent	76	25	51	49	2
80 to 99 percent	255	67	188	186	2
100 percent or more	97	30	68	68	0
Median	87	83	88	88	79
Purchased 1990 to 1996 (part)	311	150	161	157	5
Less than 40 percent	1	0	1	1	0
40 to 59 percent	28	15	14	14	0
60 to 79 percent	123	57	65	63	2
80 to 99 percent	116	50	66	66	0
100 percent or more	43	28	15	13	2
Median	80	81	80	80	79
Purchased 1989 or earlier	270	202	67	62	6
Less than 20 percent	12	6	6	6	0
20 to 39 percent	31	30	1	1	0
40 to 59 percent	63	46	17	14	2
60 to 79 percent	108	79	29	25	4
80 to 99 percent	40	32	8	8	0
100 percent or more	15	9	6	6	0
Median	65	64	66	67	63
Not acquired by purchase	146	69	76	74	2
Value-Income Ratio Less than 1.0	165	103	62	62	0
1.0 to 1.4	170	88	82	81	2
1.5 to 1.9	128	34	94	90	4
2.0 to 2.4	142	39	103	100	2
2.5 to 2.9	89	31	58	58	0
3.0 to 3.4	112	51	61	61	0
3.5 to 3.9	71	43	28	26	2
4.0 or more	216	124	92	85	7
Not reported or not computed	149	78	71	71	0
Median	2.3	2.4	2.3	2.2	3.6
Value of Capital Improvements Properties with capital improvements between 1998 and 2000	404	171	233	221	12
Less than $500	26	12	14	14	0
$500 to $999	22	9	12	12	0
$1,000 to $2,499	129	64	66	64	2
$2,500 to $4,999	79	31	48	43	4
$5,000 to $7,499	64	23	41	38	2
$7,500 to $9,999	12	4	8	6	2
$10,000 to $14,999	21	14	7	5	2
$15,000 to $19,999	27	6	21	21	0
$20,000 to $29,999	3	0	3	3	0
$30,000 or more	22	7	15	15	0
Median	3299	2555	3789	3659	5095
Mean	8537	5598	10690	10988	5331
Properties with no capital improvements between 1998 and 2000	610	302	308	303	4
Capital improvements not reported	228	118	110	110	0
Age Restrictions Condominium building restricted to people age 55 or older	240	189	51	47	5
Condominium building not restricted to people age 55 or older	917	349	568	556	12
Not reported	85	53	32	32	0
Type of Property Benefits@1 Government-sponsored below-market interest rate mortgage loan	12	0	12	12	0
Other government grant or subsidy	0	0	0	0	0
Property tax relief	62	37	24	23	2
Subsidy from a non-profit corporation	6	6	0	0	0
None of the above benefits	858	411	447	434	13
Not reported	310	142	168	166	2
Source of Property Benefits@1 With property benefits	73	37	36	34	2
Federal government	10	1	8	8	0
State government	36	23	13	11	2
Local government	20	5	15	15	0
Non-profit corporation	6	6	0	0	0
Not reported	3	1	1	1	0
With no property benefits	858	411	447	434	13
Not reported	310	142	168	166	2
Reason for Benefits@1 With property benefits	73	37	36	34	2
Occupied by low- or moderate-income individuals	14	8	6	6	0
Occupied by elderly or disabled individuals	12	7	5	5	0
A historic structure	2	0	2	2	0
Located in a community development or economic development area	3	1	1	1	0
Covered by a Homestead Exemption	47	27	21	19	2
Covered by a Community Land Trust	0	0	0	0	0
Covered by disaster relief	0	0	0	0	0
Other reason	0	0	0	0	0
Not reported	6	1	4	4	0
With no property benefits	858	411	447	434	13
Not reported	310	142	168	166	2
OWNER CHARACTERISTICS Owner Status 1 owner	734	313	421	413	9
2 owners	446	239	206	200	6
3 or more owners	62	39	23	21	2
Age of Owner Under 25	13	0	13	13	0
25 to 34	92	5	87	87	0
35 to 44	130	32	98	98	0
45 to 54	194	52	142	139	2
55 to 64	198	71	127	122	6
65 to 74	217	130	87	81	6
75 and over	254	202	52	50	2
Not reported	144	99	45	45	0
Median	61	71	52	51	65
Race of Owner White alone	1152	565	588	573	14
Black or African American alone	42	10	32	32	0
American Indian or Alaska Native alone	0	0	0	0	0
Asian alone	43	13	29	27	2
Native Hawaiian or Other Pacific Islander alone	0	0	0	0	0
Two or more races	5	3	2	2	0
Sex of Owner Male/Male and female co-owners	759	376	383	375	8
Female	482	215	268	259	9
Hispanic/Latino Origin Hispanic/Latino owner(s) only	144	52	92	90	2
No Hispanic/Latino owner(s)	1098	539	559	544	15
Veteran Status@1 Veteran	274	166	108	98	10
Active member of Reserves or National Guard for at least 6 years	20	6	14	14	0
Persian Gulf War or after (August 1990 to present)	10	2	8	8	0
Vietnam or after (August 1964 to July 1990)	33	12	21	19	2
Korean conflict or after (July 1950 to July 1964)	95	50	44	36	8
World War II or after (September 1940 to June 1950)	140	113	26	26	0
Nonveteran	834	349	485	478	6
Not reported	135	76	58	58	0
Income Less than $5,000	173	94	79	79	0
$5,000 to $9,999	29	24	5	5	0
$10,000 to $14,999	68	48	20	18	2
$15,000 to $19,999	68	39	29	29	0
$20,000 to $24,999	80	39	41	35	6
$25,000 to $29,999	65	38	27	25	2
$30,000 to $34,999	84	40	44	44	0
$35,000 to $39,999	78	18	61	61	0
$40,000 to $49,999	104	35	69	67	2
$50,000 to $59,999	86	32	54	52	2
$60,000 to $79,999	147	67	79	78	2
$80,000 to $99,999	78	26	52	52	0
$100,000 to $119,999	51	29	22	22	0
$120,000 or more	130	61	68	68	0
Median	38426	31653	42851	43336	24839
Mean	58964	58031	59810	60533	32169
Owned Home Previously Previously owned home	831	460	371	358	13
Never owned home before	305	62	243	239	4
Not reported	105	68	37	37	0
RECURRING EXPENSES Real Estate Tax Acquired before 2000	995	520	475	461	14
Less than $100	236	111	126	124	2
$100 to $199	18	14	4	4	0
$200 to $299	30	18	13	13	0
$300 to $399	34	22	12	12	0
$400 to $499	37	20	17	15	2
$500 to $599	35	18	17	17	0
$600 to $699	46	25	20	20	0
$700 to $799	60	30	30	30	0
$800 to $899	52	24	27	23	5
$900 to $999	28	13	16	16	0
$1,000 to $1,249	100	52	48	46	2
$1,250 to $1,499	59	26	33	31	2
$1,500 to $1,999	103	71	31	31	0
$2,000 to $2,499	54	20	33	31	2
$2,500 or more	85	42	43	43	0
Not reported	20	15	4	4	0
Median	786	784	787	776	871
Mean	1067	1023	1113	1117	1004
Acquired 2000 and 2001 (part)	247	71	176	174	2
Real Estate Tax Per $1,000 Value Acquired before 2000	995	520	475	461	14
Less than $5	294	145	149	147	2
$5 to $9	282	150	132	130	2
$10 to $14	230	125	105	98	7
$15 to $19	89	37	53	49	4
$20 to $24	49	28	22	22	0
$25 to $29	6	6	0	0	0
$30 to $39	10	10	0	0	0
$40 to $49	0	0	0	0	0
$50 to $59	8	2	6	6	0
$60 or more	6	2	4	4	0
Not reported or not computed	20	15	4	4	0
Median	8	8	8	8	12
Acquired 2000 and 2001 (part)	247	71	176	174	2
Rental and vacant condominium properties	631	355	276	266	11
PROPERTY CHARACTERISTICS Property Location by Geographic Area Inside MAs	505	280	225	222	3
In central cities	215	128	86	86	0
Not in central cities	290	151	139	136	3
Outside MAs	127	75	52	44	8
Manner of Acquisition By purchase	454	244	211	206	5
Placed one new mortgage	291	91	199	196	3
Placed two or more new mortgages	6	2	4	4	0
Assumed mortgage(s) already on property	13	7	6	6	0
Assumed mortgage(s) already on property and placed new mortgage	2	2	0	0	0
Borrowed using assets other than this property as collateral	12	12	0	0	0
Paid all cash-no borrowing	125	125	0	0	0
Other manner	5	4	2	0	2
By inheritance or gift	40	32	8	8	0
By divorce	0	0	0	0	0
By tax free exchange of other property	6	4	2	2	0
By foreclosure or assignment	9	5	4	4	0
By some other manner	51	34	17	16	1
Not reported	71	37	34	30	4
Source of Downpayment@1 Properties purchased 1995 to 2001 (part)	190	72	119	119	0
Sale of stock or other partnership shares for this project	5	3	2	2	0
Sale of previously owned stocks, shares, or other securities	5	2	3	3	0
Sale of land or other real estate	14	6	7	7	0
Owner's cash, bank deposits, share accounts, or bonds	123	35	88	88	0
Borrowing from a retirement plan	2	2	0	0	0
Borrowing using assets other than this property as collateral	3	2	2	2	0
Proceeds from an insurance policy	0	0	0	0	0
From a state or local government source	0	0	0	0	0
From a non-profit organization	0	0	0	0	0
Proceeds from sale of tax credits	0	0	0	0	0
From parents or relatives	6	2	5	5	0
Other cash source	2	2	0	0	0
Non-cash source	0	0	0	0	0
No downpayment required	10	2	8	8	0
Not reported	31	21	10	10	0
Other properties	404	270	134	123	11
Not reported	37	13	24	24	0
Year Property Acquired 1999 to 2001 (part)	137	55	82	81	1
1997 and 1998	83	35	48	48	0
1995 and 1996	71	38	33	33	0
1990 to 1994	113	66	47	38	9
1985 to 1989	88	59	29	29	0
1980 to 1984	60	40	21	21	0
1975 to 1979	38	24	14	14	0
1970 to 1974	21	18	3	3	0
1969 or earlier	21	21	0	0	0
Building and Land Acquisition Acquired at same time	396	212	184	179	5
Not acquired at same time	9	9	0	0	0
Land not owned by building owner	180	107	74	72	1
Not reported	46	27	19	14	4
Property New or Previously Owned When Acquired Acquired by purchase	454	244	211	206	5
New	103	57	46	46	0
Previously owned	335	172	162	157	5
As residential property	329	172	156	152	5
Converted from nonresidential use	6	0	6	6	0
Other	0	0	0	0	0
Not reported	16	14	3	3	0
Other properties	106	74	31	30	1
Not reported	71	37	34	30	4
Year Structure Built 1999 to March 2000	24	14	11	11	0
1997 and 1998	17	3	13	13	0
1995 and 1996	19	3	16	16	0
1990 to 1994	35	10	24	24	0
1980 to 1989	194	121	72	71	2
1970 to 1979	205	110	95	90	6
1960 to 1969	66	44	22	22	0
1950 to 1959	42	34	8	8	0
1940 to 1949	14	9	5	5	0
1939 or earlier	16	7	9	5	3
Purchase Price Properties acquired by purchase 1997 to 2001 (part)	166	68	98	98	0
Less than $20,000	7	3	5	5	0
$20,000 to $39,999	29	15	14	14	0
$40,000 to $59,999	55	26	29	29	0
$60,000 to $79,999	15	0	15	15	0
$80,000 to $99,999	8	4	4	4	0
$100,000 to $124,999	15	6	9	9	0
$125,000 to $149,999	7	0	7	7	0
$150,000 to $174,999	10	5	5	5	0
$175,000 to $199,999	2	0	2	2	0
$200,000 to $249,999	8	5	3	3	0
$250,000 to $299,999	5	2	2	2	0
$300,000 to $499,999	5	3	2	2	0
$500,000 or more	0	0	0	0	0
Median	56708	52394	61040	61040	20000-
Mean	85713	87762	84303	84303	0
Other properties	466	287	178	168	11
Value Less than $20,000	18	16	2	2	0
$20,000 to $39,999	71	52	20	17	3
$40,000 to $59,999	147	80	66	59	7
$60,000 to $79,999	84	37	47	47	0
$80,000 to $99,999	77	33	45	45	0
$100,000 to $124,999	58	35	23	23	0
$125,000 to $149,999	27	15	12	12	0
$150,000 to $174,999	31	11	20	20	0
$175,000 to $199,999	16	6	11	11	0
$200,000 to $249,999	36	22	14	14	0
$250,000 to $299,999	30	20	10	10	0
$300,000 to $499,999	16	12	4	4	0
$500,000 or more	19	16	3	3	0
Median	78868	75838	81310	83664	45487
Mean	116272	124829	105293	107999	36861
Purchase Price as Percent of Value@8 Acquired by purchase	454	244	211	206	5
Purchased 1997 to 2001 (part)	151	59	92	92	0
Less than 60 percent	30	11	19	19	0
60 to 69 percent	17	7	10	10	0
70 to 79 percent	16	4	12	12	0
80 to 99 percent	51	7	44	44	0
100 percent or more	37	30	8	8	0
Median	84	100+	82	82	60-
Purchased 1990 to 1996 (part)	121	62	59	54	5
Less than 40 percent	0	0	0	0	0
40 to 59 percent	23	10	13	9	3
60 to 79 percent	34	21	13	13	0
80 to 99 percent	38	18	20	20	0
100 percent or more	26	13	13	11	2
Median	81	79	83	84	54
Purchased 1989 or earlier	182	122	60	60	0
Less than 20 percent	0	0	0	0	0
20 to 39 percent	20	14	6	6	0
40 to 59 percent	37	17	20	20	0
60 to 79 percent	63	53	11	11	0
80 to 99 percent	19	17	2	2	0
100 percent or more	43	22	21	21	0
Median	70	71	67	67	20-
Not acquired by purchase	177	111	66	60	6
Value of Capital Improvements Properties with capital improvements between 1998 and 2000	217	105	111	101	11
Less than $500	4	0	4	4	0
$500 to $999	31	14	17	14	3
$1,000 to $2,499	64	35	29	28	1
$2,500 to $4,999	43	19	24	23	2
$5,000 to $7,499	30	15	15	11	4
$7,500 to $9,999	10	4	7	7	0
$10,000 to $14,999	17	10	7	7	0
$15,000 to $19,999	5	4	2	2	0
$20,000 to $29,999	3	1	1	1	0
$30,000 or more	9	4	5	5	0
Median	3020	3037	3006	2957	3724
Mean	7871	6683	8997	9611	3114
Properties with no capital improvements between 1998 and 2000	247	149	99	99	0
Capital improvements not reported	167	101	67	67	0
Monthly Rental Receipts Acquired before 2000	533	315	218	209	9
Less than $100	5	0	5	5	0
$100 to $199	8	5	3	0	3
$200 to $299	30	27	4	4	0
$300 to $399	44	28	16	11	4
$400 to $499	62	36	26	26	0
$500 to $599	56	22	33	32	2
$600 to $799	77	41	36	36	0
$800 to $999	49	31	18	18	0
$1000 or more	117	73	44	44	0
No rental receipts	85	52	33	33	0
Median	649	665	630	656	330
Mean	1185	834	1694	1755	318
Acquired 2000 and 2001 (part)	98	39	58	57	1
Rental Receipts as Percent of Value@8 Acquired before 2000	533	315	218	209	9
Less than 5 percent	23	13	10	10	0
5 to 9 percent	101	40	61	58	3
10 to 14 percent	267	181	86	81	4
15 to 19 percent	19	9	10	9	2
20 to 24 percent	14	9	6	6	0
25 to 29 percent	8	7	2	2	0
30 to 39 percent	6	5	1	1	0
40 percent or more	5	0	5	5	0
Median	11	12	11	11	11
Acquired 2000 and 2001 (part)	98	39	58	57	1
Rental Vacancy Losses as Percent of Potential Receipts Acquired before 2000	533	315	218	209	9
Less than 1.0 percent	145	91	54	54	0
1.0 to 2.9 percent	0	0	0	0	0
3.0 to 4.9 percent	2	2	0	0	0
5.0 to 6.9 percent	2	0	2	2	0
7.0 to 8.9 percent	5	3	3	3	0
9.0 to 10.9 percent	1	0	1	1	0
11.0 to 12.9 percent	3	2	2	2	0
13.0 to 14.9 percent	3	3	0	0	0
15.0 percent or more	60	31	29	29	0
Not reported or not computed	312	184	127	118	9
Median	0.8	0.7	0.8	0.8	0.0
Acquired 2000 and 2001 (part)	98	39	58	57	1
Age Restrictions Condominium building restricted to people age 55 or older	127	79	48	48	0
Condominium building not restricted to people age 55 or older	446	227	219	208	11
Not reported	58	49	10	10	0
Meal Service Provided for Age-Restricted Condominiums Meal serviced provided	63	34	29	29	0
Charge included in rent	35	18	17	17	0
Charge not included in rent	0	0	0	0	0
Not reported	28	16	11	11	0
Meal service not provided	118	64	54	53	1
Not reported	450	256	194	185	9
Type of Property Benefits@1 Government-sponsored below-market interest rate mortgage loan	5	0	5	5	0
Government rental subsidy	4	2	3	3	0
Government grant	0	0	0	0	0
Property tax relief	3	3	0	0	0
Federal income tax credit for low-income, old or historic properties	2	2	0	0	0
Accelerated federal income tax depreciation for low- and moderate-income properties	0	0	0	0	0
Subsidy from a non-profit corporation	0	0	0	0	0
None of the above benefits	464	247	217	207	9
Not reported	153	101	52	51	1
Source of Property Benefits@1 With property benefits	14	7	8	8	0
Federal government	11	4	8	8	0
State government	1	1	0	0	0
Local government	2	2	0	0	0
Non-profit corporation	0	0	0	0	0
Not reported	0	0	0	0	0
With no property benefits	464	247	217	207	9
Not reported	153	101	52	51	1
Reason for Benefits@1 With property benefits	14	7	8	8	0
Occupied by low- or moderate-income individuals	3	0	3	3	0
Occupied by elderly or disabled individuals	2	2	0	0	0
A historic structure	2	2	0	0	0
Located in a community development or economic development area	0	0	0	0	0
Covered by a Homestead Exemption	3	3	0	0	0
Covered by a Community Land Trust	0	0	0	0	0
Covered by disaster relief	0	0	0	0	0
Other reason	0	0	0	0	0
Not reported	5	0	5	5	0
With no property benefits	464	247	217	207	9
Not reported	153	101	52	51	1
OWNER CHARACTERISTICS Type of Owner Individual investor(s)	504	261	242	233	9
Limited partnership	50	34	16	16	0
Joint venture	3	2	2	2	0
General partnership	4	3	1	1	0
Life insurance company	0	0	0	0	0
Depository institution	3	3	0	0	0
Public real estate investment trust	5	5	0	0	0
Private real estate investment trust	0	0	0	0	0
Corporation - other than real estate investment trust	36	25	10	9	2
Housing cooperative organization	3	3	0	0	0
Non-profit or church-related institution	14	12	1	1	0
Pension fund	0	0	0	0	0
Fraternal organization	0	0	0	0	0
Other	10	7	3	3	0
RECURRING EXPENSES Real Estate Tax Acquired before 2000	533	315	218	209	9
Less than $100	50	26	24	24	0
$100 to $199	12	5	7	7	0
$200 to $299	19	11	9	5	3
$300 to $399	27	9	18	18	0
$400 to $499	35	29	6	6	0
$500 to $599	37	16	20	14	6
$600 to $699	25	12	13	13	0
$700 to $799	39	19	20	20	0
$800 to $899	46	34	12	12	0
$900 to $999	10	10	0	0	0
$1,000 to $1,249	50	34	16	16	0
$1,250 to $1,499	20	10	10	10	0
$1,500 to $1,999	57	23	34	34	0
$2,000 to $2,499	27	13	15	15	0
$2,500 or more	62	48	14	14	0
Not reported	17	17	0	0	0
Median	833	866	762	785	522
Mean	3968	5167	2325	2409	442
Acquired 2000 and 2001 (part)	98	39	58	57	1
Real Estate Tax Per $1,000 Value Acquired before 2000	533	315	218	209	9
Less than $5	78	34	44	44	0
$5 to $9	155	97	58	58	0
$10 to $14	118	59	59	51	8
$15 to $19	92	61	32	30	2
$20 to $24	28	22	6	6	0
$25 to $29	18	7	12	12	0
$30 to $39	16	13	3	3	0
$40 to $49	0	0	0	0	0
$50 to $59	2	2	0	0	0
$60 or more	9	4	5	5	0
Not reported or not computed	17	17	0	0	0
Median	11	11	10	10	12
Acquired 2000 and 2001 (part)	98	39	58	57	1
Real Estate Tax as Percent of Rental Receipts Acquired before 2000	533	315	218	209	9
Less than 5 percent	46	25	21	21	0
5 to 9 percent	143	89	54	53	2
10 to 14 percent	115	65	50	46	4
15 to 19 percent	57	33	24	21	3
20 to 24 percent	27	13	14	14	0
25 to 29 percent	18	9	9	9	0
30 to 34 percent	9	6	3	3	0
35 to 39 percent	0	0	0	0	0
40 percent or more	13	8	5	5	0
Not reported or not computed	106	69	38	38	0
Median	11	10	11	11	13
Acquired 2000 and 2001 (part)	98	39	58	57	1