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Property Taxes

Property tax is a type of tax that's based on the value of land and buildings. Learn more about how property taxes are assessed.

Highest and Lowest Property Taxes by County

Where will you pay the most property taxes? Find out which counties have the highest property taxes and which counties have the lowest property taxes in the nation.

What Is a Property Tax Assessment?

Definition: an assessment is the process of determining the market value of a piece of property. Property taxes are then based on this assessment.

How Are Property Taxes Calculated?

Details on how local property taxes are calculated on your property tax bill.

Property Tax Myths and Misconceptions

Six common property tax myths and misunderstandings explained.

Definitions of Common Property Tax Terms - Common Property Tax Terms Defined

Definitions of Common Property Tax Terms - Common Property Tax Terms Defined

Florida: New Property Tax Assessments for Gulf Oil Spill Victims

Florida’s Governor has signed an executive order that authorizes new property assessments for those affected by the gulf oil spill. These new assessments are meant to help property owners file damage claims against British Petroleum (BP).

New York Property Taxes

An overview of property taxes in New York state. Get the scoop on New York property taxes including assessments, exemptions, and property tax rates in New York.

Millage Rate - A Property Tax Term - Tax Glossary

Definition: A tax rate expressed in tenths of a cent that is applied to the assessed value of real estate.

Arrears - Definition of Arrears

Definition of arrears as it applies to property tax bills. What it means to pay your property tax bill "in arrears."

Definition of Abatement - Tax Glossary

The definition of abatement as it applies to taxes, penalties, and interest.

Definition of Equalization Rate - A Property Tax Term

The definition of equalization rate or equalization ratio and an explanation of the purpose of equalization rates.

Definition of Homestead Exemption

Definition of homestead exemption for property taxes.

Tangible Personal Property

Definition and examples of tangible personal property as it relates to state personal property taxes.

Comparable Sales Method

Definition of comparable sales method, a way of assessing property value for property taxes.

Definition of Ad Valorem Tax

Definition: A tax charged as a percentage of market value.

What Is A Property Tax Circuit Breaker?

Definition of circuit breaker, a type of property tax relief program.

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