Residential Finance Survey

Residential Finance Survey: 2001 - West
Table 8-1e. 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	901	192	709	707	2
PROPERTY CHARACTERISTICS Property Location by Geographic Area Inside MAs	861	175	687	684	2
In central cities	374	95	279	279	0
Not in central cities	488	80	408	405	2
Outside MAs	40	17	23	23	0
Manner of Acquisition By purchase	826	174	652	650	2
Placed one new mortgage	673	72	601	601	0
Placed two or more new mortgages	23	0	23	23	0
Assumed mortgage(s) already on property	18	1	17	16	1
Assumed mortgage(s) already on property and placed new mortgage	2	2	0	0	0
Borrowed using assets other than this property as collateral	2	0	2	2	0
Paid all cash-no borrowing	107	99	9	7	1
Other manner	0	0	0	0	0
By inheritance or gift	5	2	3	3	0
By divorce	0	0	0	0	0
By some other manner	11	2	9	9	0
Not reported	60	15	45	45	0
Source of Downpayment@1 Properties purchased 1995 to 2001 (part)	497	70	427	426	1
Sale of previous home	114	32	82	80	1
Sale of other real property or other investments	53	6	47	47	0
Savings	253	24	229	229	0
Borrowing from a retirement plan	27	0	27	27	0
Borrowing using assets other than this property as collateral	2	0	2	2	0
Proceeds from an insurance policy	5	0	5	5	0
Payments in a lease-purchase agreement	0	0	0	0	0
From a state or local government source	9	0	9	9	0
From a non-profit organization	1	0	1	1	0
From parents or relatives	56	5	51	50	1
Other	6	2	4	4	0
No downpayment required	29	3	26	26	0
Not reported	25	3	21	21	0
Other properties	360	113	248	246	1
Not reported	44	9	35	35	0
Year Property Acquired 1999 to 2001 (part)	303	36	267	267	0
1997 and 1998	140	24	116	115	1
1995 and 1996	105	21	85	85	0
1990 to 1994	165	29	136	136	0
1985 to 1989	88	26	62	62	0
1980 to 1984	59	31	28	27	1
1975 to 1979	20	17	3	3	0
1970 to 1974	19	6	13	13	0
1969 or earlier	1	1	0	0	0
Building and Land Acquisition Acquired at same time	673	135	538	535	2
Not acquired at same time	25	9	16	16	0
Land not owned by building owner	192	45	147	147	0
Not reported	12	3	9	9	0
Property New or Previously Occupied When Acquired Acquired by purchase	826	174	652	650	2
New	186	55	131	131	0
Previously occupied by someone else	624	108	516	514	2
Converted from non-residential use	1	1	0	0	0
Other	0	0	0	0	0
Not reported	15	9	5	5	0
Other properties	16	3	12	12	0
Not reported	60	15	45	45	0
Year Structure Built 1999 to March 2000	46	13	34	34	0
1997 and 1998	62	9	52	52	0
1995 and 1996	65	5	60	60	0
1990 to 1994	91	8	83	82	1
1980 to 1989	264	64	200	200	0
1970 to 1979	278	51	226	225	1
1960 to 1969	74	29	44	44	0
1950 to 1959	3	1	1	1	0
1940 to 1949	4	2	2	2	0
1939 or earlier	15	9	6	6	0
Purchase Price Properties acquired by purchase 1997 to 2001 (part)	409	51	358	357	1
Less than $20,000	0	0	0	0	0
$20,000 to $39,999	12	8	4	4	0
$40,000 to $59,999	18	6	12	12	0
$60,000 to $79,999	48	2	46	46	0
$80,000 to $99,999	39	8	31	31	0
$100,000 to $124,999	57	4	53	52	1
$125,000 to $149,999	48	4	44	44	0
$150,000 to $174,999	41	2	39	39	0
$175,000 to $199,999	19	0	19	19	0
$200,000 to $249,999	39	4	36	36	0
$250,000 to $299,999	28	6	22	22	0
$300,000 to $499,999	50	1	49	49	0
$500,000 or more	7	5	3	3	0
Median	140248	108516	143208	143548	112500
Mean	182737	240508	174542	174777	104000
Other properties	493	141	352	350	1
Value Less than $20,000	0	0	0	0	0
$20,000 to $39,999	7	7	0	0	0
$40,000 to $59,999	15	7	8	8	0
$60,000 to $79,999	92	22	69	69	0
$80,000 to $99,999	68	8	60	60	0
$100,000 to $124,999	115	23	92	92	0
$125,000 to $149,999	95	24	70	70	0
$150,000 to $174,999	71	11	59	58	1
$175,000 to $199,999	76	21	55	54	1
$200,000 to $249,999	112	21	91	91	0
$250,000 to $299,999	79	10	69	69	0
$300,000 to $499,999	135	30	105	105	0
$500,000 or more	35	5	31	31	0
Median	170608	157222	173165	173118	175465
Mean	205720	207852	205143	205263	170190
Purchase Price as Percent of Value@8 Acquired by purchase	826	174	652	650	2
Purchased 1997 to 2001 (part)	401	49	353	351	1
Less than 60 percent	29	10	20	20	0
60 to 69 percent	46	4	41	40	1
70 to 79 percent	47	4	43	43	0
80 to 99 percent	206	23	183	183	0
100 percent or more	73	7	66	66	0
Median	87	85	87	88	65
Purchased 1990 to 1996 (part)	246	50	197	197	0
Less than 40 percent	8	0	8	8	0
40 to 59 percent	69	11	58	58	0
60 to 79 percent	64	5	59	59	0
80 to 99 percent	56	24	33	33	0
100 percent or more	49	9	39	39	0
Median	74	86	70	70	40-
Purchased 1989 or earlier	178	75	103	102	1
Less than 20 percent	8	0	8	8	0
20 to 39 percent	21	10	11	11	0
40 to 59 percent	40	19	22	20	1
60 to 79 percent	70	34	36	36	0
80 to 99 percent	22	10	13	13	0
100 percent or more	17	3	14	14	0
Median	65	65	65	66	50
Not acquired by purchase	75	18	57	57	0
Value-Income Ratio Less than 1.0	31	9	22	21	1
1.0 to 1.4	76	8	67	67	0
1.5 to 1.9	75	8	67	67	0
2.0 to 2.4	73	15	59	59	0
2.5 to 2.9	124	14	111	111	0
3.0 to 3.4	80	12	68	68	0
3.5 to 3.9	65	13	51	51	0
4.0 or more	298	85	212	211	1
Not reported or not computed	79	28	51	51	0
Median	3.2	42.1	3.0	3.0	1.0
Value of Capital Improvements Properties with capital improvements between 1998 and 2000	292	64	228	228	0
Less than $500	8	4	5	5	0
$500 to $999	6	0	6	6	0
$1,000 to $2,499	70	18	52	52	0
$2,500 to $4,999	55	6	49	49	0
$5,000 to $7,499	58	13	44	44	0
$7,500 to $9,999	5	2	3	3	0
$10,000 to $14,999	33	6	28	28	0
$15,000 to $19,999	11	0	11	11	0
$20,000 to $29,999	16	5	12	12	0
$30,000 or more	30	12	18	18	0
Median	5278	5941	5084	5084	500-
Mean	10358	13909	9357	9357	0
Properties with no capital improvements between 1998 and 2000	502	98	404	402	2
Capital improvements not reported	107	30	77	77	0
Age Restrictions Condominium building restricted to people age 55 or older	84	45	38	38	0
Condominium building not restricted to people age 55 or older	766	127	640	637	2
Not reported	51	20	31	31	0
Type of Property Benefits@1 Government-sponsored below-market interest rate mortgage loan	17	0	17	17	0
Other government grant or subsidy	10	3	6	6	0
Property tax relief	8	5	3	3	0
Subsidy from a non-profit corporation	0	0	0	0	0
None of the above benefits	599	116	483	482	1
Not reported	267	67	200	199	1
Source of Property Benefits@1 With property benefits	35	9	26	26	0
Federal government	12	0	12	12	0
State government	12	5	8	8	0
Local government	11	3	7	7	0
Non-profit corporation	0	0	0	0	0
Not reported	4	4	0	0	0
With no property benefits	599	116	483	482	1
Not reported	267	67	200	199	1
Reason for Benefits@1 With property benefits	35	9	26	26	0
Occupied by low- or moderate-income individuals	12	4	8	8	0
Occupied by elderly or disabled individuals	2	0	2	2	0
A historic structure	1	0	1	1	0
Located in a community development or economic development area	7	3	4	4	0
Covered by a Homestead Exemption	1	0	1	1	0
Covered by a Community Land Trust	0	0	0	0	0
Covered by disaster relief	0	0	0	0	0
Other reason	16	1	15	15	0
Not reported	0	0	0	0	0
With no property benefits	599	116	483	482	1
Not reported	267	67	200	199	1
OWNER CHARACTERISTICS Owner Status 1 owner	535	127	408	407	1
2 owners	319	52	267	266	1
3 or more owners	47	13	34	34	0
Age of Owner Under 25	14	0	14	14	0
25 to 34	109	2	107	107	0
35 to 44	148	3	145	144	1
45 to 54	191	18	172	172	0
55 to 64	122	17	105	105	0
65 to 74	140	49	91	90	1
75 and over	101	66	35	35	0
Not reported	76	36	40	40	0
Median	52	72	48	48	65
Race of Owner White alone	760	181	579	578	1
Black or African American alone	23	1	22	22	0
American Indian or Alaska Native alone	5	0	5	5	0
Asian alone	99	9	89	88	1
Native Hawaiian or Other Pacific Islander alone	5	0	5	5	0
Two or more races	9	0	9	9	0
Sex of Owner Male/Male and female co-owners	551	90	461	459	2
Female	350	102	248	248	0
Hispanic/Latino Origin Hispanic/Latino owner(s) only	70	14	56	56	0
No Hispanic/Latino owner(s)	831	177	654	651	2
Veteran Status@1 Veteran	217	50	167	166	1
Active member of Reserves or National Guard for at least 6 years	17	0	17	17	0
Persian Gulf War or after (August 1990 to present)	17	0	17	17	0
Vietnam or after (August 1964 to July 1990)	86	2	84	84	0
Korean conflict or after (July 1950 to July 1964)	76	23	52	52	0
World War II or after (September 1940 to June 1950)	66	33	34	32	1
Nonveteran	612	107	505	504	1
Not reported	73	36	37	37	0
Income Less than $5,000	87	32	54	54	0
$5,000 to $9,999	12	6	7	7	0
$10,000 to $14,999	44	15	29	29	0
$15,000 to $19,999	15	3	13	13	0
$20,000 to $24,999	28	6	22	21	1
$25,000 to $29,999	68	15	53	53	0
$30,000 to $34,999	45	13	32	32	0
$35,000 to $39,999	56	10	46	46	0
$40,000 to $49,999	108	19	89	89	0
$50,000 to $59,999	90	27	63	63	0
$60,000 to $79,999	139	20	119	119	0
$80,000 to $99,999	79	6	73	73	0
$100,000 to $119,999	35	7	27	27	0
$120,000 or more	96	13	82	81	1
Median	48733	37978	51507	51504	120000+
Mean	63686	57424	65380	65156	130863
Owned Home Previously Previously owned home	489	135	353	351	2
Never owned home before	339	25	314	314	0
Not reported	74	32	42	42	0
RECURRING EXPENSES Real Estate Tax Acquired before 2000	697	180	517	515	2
Less than $100	94	28	66	66	0
$100 to $199	13	4	9	9	0
$200 to $299	10	3	7	7	0
$300 to $399	14	9	6	6	0
$400 to $499	24	14	10	10	0
$500 to $599	27	3	24	24	0
$600 to $699	42	17	24	24	0
$700 to $799	16	0	16	16	0
$800 to $899	36	3	33	33	0
$900 to $999	5	1	4	4	0
$1,000 to $1,249	69	16	53	52	1
$1,250 to $1,499	52	9	43	42	1
$1,500 to $1,999	76	12	64	64	0
$2,000 to $2,499	80	33	47	47	0
$2,500 or more	119	14	105	105	0
Not reported	19	13	6	6	0
Median	1209	1015	1272	1273	1254
Mean	1741	1308	1882	1885	1240
Acquired 2000 and 2001 (part)	205	12	192	192	0
Real Estate Tax Per $1,000 Value Acquired before 2000	697	180	517	515	2
Less than $5	155	50	105	105	0
$5 to $9	318	67	252	249	2
$10 to $14	171	40	131	131	0
$15 to $19	14	3	11	11	0
$20 to $24	5	0	5	5	0
$25 to $29	1	1	0	0	0
$30 to $39	5	5	0	0	0
$40 to $49	0	0	0	0	0
$50 to $59	1	1	0	0	0
$60 or more	7	0	7	7	0
Not reported or not computed	19	13	6	6	0
Median	7	7	7	7	7
Acquired 2000 and 2001 (part)	205	12	192	192	0
Rental and vacant condominium properties	486	200	287	285	1
PROPERTY CHARACTERISTICS Property Location by Geographic Area Inside MAs	443	170	273	271	1
In central cities	231	86	145	145	0
Not in central cities	212	84	128	126	1
Outside MAs	44	30	14	14	0
Manner of Acquisition By purchase	386	144	242	241	1
Placed one new mortgage	279	63	217	215	1
Placed two or more new mortgages	5	2	3	3	0
Assumed mortgage(s) already on property	32	20	13	13	0
Assumed mortgage(s) already on property and placed new mortgage	1	1	0	0	0
Borrowed using assets other than this property as collateral	11	11	0	0	0
Paid all cash-no borrowing	56	47	9	9	0
Other manner	1	0	1	1	0
By inheritance or gift	28	26	1	1	0
By divorce	2	2	0	0	0
By tax free exchange of other property	6	3	3	3	0
By foreclosure or assignment	9	1	8	8	0
By some other manner	17	9	8	8	0
Not reported	38	14	24	24	0
Source of Downpayment@1 Properties purchased 1995 to 2001 (part)	157	49	108	108	0
Sale of stock or other partnership shares for this project	0	0	0	0	0
Sale of previously owned stocks, shares, or other securities	5	1	4	4	0
Sale of land or other real estate	14	8	6	6	0
Owner's cash, bank deposits, share accounts, or bonds	93	24	69	69	0
Borrowing from a retirement plan	1	0	1	1	0
Borrowing using assets other than this property as collateral	7	4	3	3	0
Proceeds from an insurance policy	1	0	1	1	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	15	5	10	10	0
Other cash source	5	5	0	0	0
Non-cash source	0	0	0	0	0
No downpayment required	15	5	10	10	0
Not reported	11	2	9	9	0
Other properties	312	145	167	165	1
Not reported	17	5	12	12	0
Year Property Acquired 1999 to 2001 (part)	131	48	83	83	0
1997 and 1998	45	13	31	31	0
1995 and 1996	36	24	12	12	0
1990 to 1994	75	21	54	54	0
1985 to 1989	102	47	55	55	0
1980 to 1984	54	23	31	31	0
1975 to 1979	26	14	12	10	1
1970 to 1974	11	6	4	4	0
1969 or earlier	7	2	5	5	0
Building and Land Acquisition Acquired at same time	343	142	201	199	1
Not acquired at same time	43	13	29	29	0
Land not owned by building owner	74	32	42	42	0
Not reported	27	12	15	15	0
Property New or Previously Owned When Acquired Acquired by purchase	386	144	242	241	1
New	70	29	41	41	0
Previously owned	313	113	199	198	1
As residential property	309	111	198	196	1
Converted from nonresidential use	4	2	2	2	0
Other	0	0	0	0	0
Not reported	3	1	2	2	0
Other properties	62	42	20	20	0
Not reported	38	14	24	24	0
Year Structure Built 1999 to March 2000	17	7	10	10	0
1997 and 1998	9	3	6	6	0
1995 and 1996	11	7	4	4	0
1990 to 1994	21	6	15	15	0
1980 to 1989	177	60	117	117	0
1970 to 1979	144	64	80	80	0
1960 to 1969	46	13	32	31	1
1950 to 1959	34	20	14	14	0
1940 to 1949	17	13	4	4	0
1939 or earlier	11	8	4	4	0
Purchase Price Properties acquired by purchase 1997 to 2001 (part)	136	36	99	99	0
Less than $20,000	3	3	0	0	0
$20,000 to $39,999	3	1	1	1	0
$40,000 to $59,999	20	12	8	8	0
$60,000 to $79,999	21	8	13	13	0
$80,000 to $99,999	14	1	13	13	0
$100,000 to $124,999	20	2	18	18	0
$125,000 to $149,999	17	1	15	15	0
$150,000 to $174,999	3	0	3	3	0
$175,000 to $199,999	9	5	4	4	0
$200,000 to $249,999	6	0	6	6	0
$250,000 to $299,999	4	0	4	4	0
$300,000 to $499,999	8	0	8	8	0
$500,000 or more	9	3	6	6	0
Median	108910	65470	119931	119931	20000-
Mean	164480	120088	180756	180756	0
Other properties	351	163	187	186	1
Value Less than $20,000	3	3	0	0	0
$20,000 to $39,999	8	3	6	6	0
$40,000 to $59,999	65	41	24	24	0
$60,000 to $79,999	37	21	16	16	0
$80,000 to $99,999	76	20	56	56	0
$100,000 to $124,999	87	23	64	62	1
$125,000 to $149,999	42	17	25	25	0
$150,000 to $174,999	48	17	31	31	0
$175,000 to $199,999	25	12	13	13	0
$200,000 to $249,999	12	6	7	7	0
$250,000 to $299,999	19	6	12	12	0
$300,000 to $499,999	48	24	24	24	0
$500,000 or more	16	8	8	8	0
Median	115546	113895	116149	116224	112500
Mean	152463	150097	154110	154309	110000
Purchase Price as Percent of Value@8 Acquired by purchase	386	144	242	241	1
Purchased 1997 to 2001 (part)	131	34	97	97	0
Less than 60 percent	7	2	5	5	0
60 to 69 percent	6	0	6	6	0
70 to 79 percent	10	0	10	10	0
80 to 99 percent	50	2	48	48	0
100 percent or more	58	29	28	28	0
Median	96	100+	91	91	60-
Purchased 1990 to 1996 (part)	96	37	60	60	0
Less than 40 percent	2	0	2	2	0
40 to 59 percent	21	10	11	11	0
60 to 79 percent	20	6	14	14	0
80 to 99 percent	31	11	19	19	0
100 percent or more	23	9	14	14	0
Median	83	83	83	83	40-
Purchased 1989 or earlier	159	73	86	84	1
Less than 20 percent	3	3	0	0	0
20 to 39 percent	32	24	8	8	0
40 to 59 percent	37	10	27	27	0
60 to 79 percent	31	9	22	21	1
80 to 99 percent	21	11	10	10	0
100 percent or more	33	16	17	17	0
Median	64	58	66	66	70
Not acquired by purchase	100	56	44	44	0
Value of Capital Improvements Properties with capital improvements between 1998 and 2000	142	56	85	84	1
Less than $500	19	7	12	12	0
$500 to $999	12	1	10	10	0
$1,000 to $2,499	50	28	22	22	0
$2,500 to $4,999	32	7	25	24	1
$5,000 to $7,499	13	7	6	6	0
$7,500 to $9,999	5	0	5	5	0
$10,000 to $14,999	2	1	1	1	0
$15,000 to $19,999	4	3	1	1	0
$20,000 to $29,999	2	0	2	2	0
$30,000 or more	3	2	1	1	0
Median	2214	2049	2426	2382	3750
Mean	5867	5706	5973	6004	4000
Properties with no capital improvements between 1998 and 2000	230	107	123	123	0
Capital improvements not reported	115	36	79	79	0
Monthly Rental Receipts Acquired before 2000	398	168	230	229	1
Less than $100	9	4	4	4	0
$100 to $199	1	1	0	0	0
$200 to $299	4	1	3	3	0
$300 to $399	21	16	5	5	0
$400 to $499	26	7	18	18	0
$500 to $599	36	15	20	20	0
$600 to $799	96	41	55	54	1
$800 to $999	65	15	50	50	0
$1000 or more	110	44	66	66	0
No rental receipts	31	22	8	8	0
Median	781	733	818	820	700
Mean	1463	1669	1312	1315	775
Acquired 2000 and 2001 (part)	88	32	56	56	0
Rental Receipts as Percent of Value@8 Acquired before 2000	398	168	230	229	1
Less than 5 percent	21	9	11	11	0
5 to 9 percent	148	60	88	87	1
10 to 14 percent	167	62	105	105	0
15 to 19 percent	9	8	1	1	0
20 to 24 percent	5	1	3	3	0
25 to 29 percent	0	0	0	0	0
30 to 39 percent	1	0	1	1	0
40 percent or more	12	5	7	7	0
Median	10	10	10	10	7
Acquired 2000 and 2001 (part)	88	32	56	56	0
Rental Vacancy Losses as Percent of Potential Receipts Acquired before 2000	398	168	230	229	1
Less than 1.0 percent	154	75	78	77	1
1.0 to 2.9 percent	10	5	5	5	0
3.0 to 4.9 percent	4	2	2	2	0
5.0 to 6.9 percent	2	2	0	0	0
7.0 to 8.9 percent	13	0	13	13	0
9.0 to 10.9 percent	1	1	0	0	0
11.0 to 12.9 percent	0	0	0	0	0
13.0 to 14.9 percent	1	0	1	1	0
15.0 percent or more	40	7	33	33	0
Not reported or not computed	173	75	98	98	0
Median	0.7	0.6	0.8	0.9	0.5
Acquired 2000 and 2001 (part)	88	32	56	56	0
Age Restrictions Condominium building restricted to people age 55 or older	94	35	59	57	1
Condominium building not restricted to people age 55 or older	372	156	216	216	0
Not reported	20	8	12	12	0
Meal Service Provided for Age-Restricted Condominiums Meal serviced provided	45	15	30	29	1
Charge included in rent	25	8	17	17	0
Charge not included in rent	2	2	0	0	0
Not reported	18	5	13	12	1
Meal service not provided	55	31	24	24	0
Not reported	387	154	233	233	0
Type of Property Benefits@1 Government-sponsored below-market interest rate mortgage loan	1	0	1	1	0
Government rental subsidy	14	2	13	13	0
Government grant	0	0	0	0	0
Property tax relief	4	4	0	0	0
Federal income tax credit for low-income, old or historic properties	0	0	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	351	138	213	211	1
Not reported	116	56	60	60	0
Source of Property Benefits@1 With property benefits	20	6	14	14	0
Federal government	10	2	8	8	0
State government	3	2	1	1	0
Local government	2	2	0	0	0
Non-profit corporation	0	0	0	0	0
Not reported	6	2	4	4	0
With no property benefits	351	138	213	211	1
Not reported	116	56	60	60	0
Reason for Benefits@1 With property benefits	20	6	14	14	0
Occupied by low- or moderate-income individuals	10	2	8	8	0
Occupied by elderly or disabled individuals	3	0	3	3	0
A historic structure	0	0	0	0	0
Located in a community development or economic development area	0	0	0	0	0
Covered by a Homestead Exemption	0	0	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	8	4	4	4	0
With no property benefits	351	138	213	211	1
Not reported	116	56	60	60	0
OWNER CHARACTERISTICS Type of Owner Individual investor(s)	427	180	247	245	1
Limited partnership	10	6	4	4	0
Joint venture	6	0	6	6	0
General partnership	1	0	1	1	0
Life insurance company	0	0	0	0	0
Depository institution	0	0	0	0	0
Public real estate investment trust	7	0	7	7	0
Private real estate investment trust	0	0	0	0	0
Corporation - other than real estate investment trust	16	8	8	8	0
Housing cooperative organization	0	0	0	0	0
Non-profit or church-related institution	6	0	6	6	0
Pension fund	2	2	0	0	0
Fraternal organization	0	0	0	0	0
Other	11	4	7	7	0
RECURRING EXPENSES Real Estate Tax Acquired before 2000	398	168	230	229	1
Less than $100	7	1	5	5	0
$100 to $199	13	5	9	9	0
$200 to $299	11	9	2	2	0
$300 to $399	13	1	12	11	1
$400 to $499	25	15	10	10	0
$500 to $599	25	15	10	10	0
$600 to $699	37	14	23	23	0
$700 to $799	19	9	11	11	0
$800 to $899	37	5	32	32	0
$900 to $999	20	6	14	14	0
$1,000 to $1,249	50	30	19	19	0
$1,250 to $1,499	21	9	12	12	0
$1,500 to $1,999	35	7	28	28	0
$2,000 to $2,499	28	6	22	22	0
$2,500 or more	38	20	18	18	0
Not reported	20	15	6	6	0
Median	908	925	901	905	350
Mean	1632	1944	1419	1425	380
Acquired 2000 and 2001 (part)	88	32	56	56	0
Real Estate Tax Per $1,000 Value Acquired before 2000	398	168	230	229	1
Less than $5	52	29	23	21	1
$5 to $9	196	67	129	129	0
$10 to $14	83	35	47	47	0
$15 to $19	25	11	14	14	0
$20 to $24	9	3	5	5	0
$25 to $29	2	0	2	2	0
$30 to $39	1	0	1	1	0
$40 to $49	0	0	0	0	0
$50 to $59	2	0	2	2	0
$60 or more	9	8	1	1	0
Not reported or not computed	20	15	6	6	0
Median	8	8	8	8	5-
Acquired 2000 and 2001 (part)	88	32	56	56	0
Real Estate Tax as Percent of Rental Receipts Acquired before 2000	398	168	230	229	1
Less than 5 percent	47	26	21	19	1
5 to 9 percent	120	37	84	84	0
10 to 14 percent	122	53	70	70	0
15 to 19 percent	18	5	13	13	0
20 to 24 percent	15	8	7	7	0
25 to 29 percent	4	0	4	4	0
30 to 34 percent	9	1	8	8	0
35 to 39 percent	5	1	3	3	0
40 percent or more	2	0	2	2	0
Not reported or not computed	55	37	18	18	0
Median	10	10	10	10	5-
Acquired 2000 and 2001 (part)	88	32	56	56	0