Property Tax by State
Compare average effective property tax rates, homestead exemptions, senior and veteran discounts, and appeal deadlines across all 50 states. Find out how much you'll pay — and how to pay less.
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Property Tax FAQ
How are property taxes calculated?+
Property tax equals the assessed value of your home multiplied by the local mill rate (tax rate). For example, a home assessed at $300,000 in a county with a 1.5% effective rate pays roughly $4,500 per year. Assessment methods vary — some states assess at full market value, others at a percentage.
Which states have the highest and lowest property taxes?+
New Jersey leads the nation at roughly 2.23% effective rate, followed by Illinois (2.07%) and Connecticut (2.00%). Hawaii has the lowest at 0.28%, followed by Alabama (0.39%) and Colorado (0.51%). These rates can vary significantly by county within each state.
What is a homestead exemption?+
A homestead exemption reduces the taxable value of your primary residence by a fixed dollar amount or percentage. Texas offers up to $100,000 off assessed value for homeowners. Florida's Save Our Homes caps annual assessment increases at 3%. Nearly every state offers some version.
Can I appeal my property tax assessment?+
Yes, and roughly 30-40% of appeals result in a reduction according to the National Taxpayers Union. File within your county's appeal window (usually 30-90 days after assessment notice), bring comparable sales data, and document any property defects that affect value.