Overview

Americans love to hate property taxes, despite the fact that local governments depend upon this levy to provide key services and programs to local residents.  Discover what property taxes are used for, how to appeal property taxes and how property taxes impact property value.

References

NAR Library & Archives has already done the research for you. References (formerly Field Guides) offer links to articles, eBooks, websites, statistics, and more to provide a comprehensive overview of perspectives. EBSCO articles (E) are available only to NAR members and require a password.


Understanding Property Taxes

How Property Taxes are Calculated (The Balance, Apr. 9, 2021)

Top 10 U.S. Counties with Highest Effective Property Tax Rates in 2020 (ATTOM Data Solutions, Apr. 9, 2021)

Property Tax: Calculator & How Property Tax Works (nerdwallet, Mar. 31, 2021)

The Best and Worst Property Taxes by State (The Balance, Mar. 20, 2021)

Property Tax (Britannica, Feb. 23, 2021)

2020 Instructions for Schedule A (Form 1040) Itemized Deductions (Internal Revenue Service, Jan. 2021)

Property Taxes by State (WalletHub, Feb. 25, 2020)

Tax Policy Center’s Briefing Book: How Do State and Local Property Taxes Work? (Urban Institute & Brookings Institution, 2020)

Tips for Managing Property Taxes and Finding Tax Rates (HouseLogic)

Property Taxes Impact on Property Value

Homes in Poor Neighborhoods Are Taxed at Roughly Twice the Rate of Those in Rich Areas, Study Shows (The Washington Post, Mar. 12, 2021)

Property Tax Increase: Home Improvements and Other Causes (Quicken Loans, Dec. 22, 2020)

Will Property Taxes Go Down if Home Values Fall? (Manison Global, Jul. 30, 2020)

Does the Value of My Home Determine My Property Taxes in the U.S.? (Manison Global, Jul. 23, 2020)

Assessed Value vs. Market Value in Real Estate (The Street, Feb 4, 2020)

Property Tax Rates and House Prices: The Impact of Relatively High and Low Property Tax Rates (Journal of Property Tax Assessment and Administration, 2020) E

5 Common Reasons Why Property Taxes Go Up, No Matter Where You Live (realtor.com®, Feb. 26, 2018)

Challenging Your Property Tax Bill

Eight Key Steps When Challenging A Property Tax Assessment (Forbes, Dec. 1, 2020)

Appealing Your Property Tax Assessment? Try These 14 Expert-Recommended Tips (Forbes, Dec. 3, 2019)

How to Challenge Your Property Tax Assessment (Lawyers.com, Apr. 23, 2019)

How to Lower Your Property Taxes (HSH, Mar. 20, 2019)

Useful Websites

Property Tax (Tax Foundation)

Quarterly Summary of State & Local Tax Revenue (QTAX) (U. S. Census Bureau)

Significant Features of the Property Tax (Lincoln Institute of Land Policy)

eBooks & Other Resources

eBooks.realtor​.org

The following eBooks and digital audiobooks are available to NAR members:

How to Invest in Real Estate & Pay Little or No Taxes Use Tax Smart Loopholes to Boost Your Profits By 40% (Kindle, eBook)

Books, Videos, Research Reports & More

The resources below are available for loan through the NAR Library & Archives. Up to three books, tapes, CDs and/or DVDs can be borrowed for 30 days from the Library for a nominal fee of $10. Call the NAR Library & Archives at 800-874-6500 for assistance.

Property Taxes in Illinois—What is the Effect of Rapid Increases and Large Drops in House Prices on Property Taxes? (University of Illinois, 2011) [PDF link]

Challenging the Conventional Wisdom of the Property Tax (Cambridge: MA: Lincoln Institute of Land Policy, 2010) HJ 4120 B14

The Worst Tax? A History of the Property Tax in America (Lawrence, KS: University of Kansas Press, 1996) HJ 4120 F57

How to Reduce Your Property Taxes (Miami, FL: Genesis Press, 1995) HJ 3241 Ad5

Reduce Your Property Taxes (Los Altos, CA: Crisp Publications, 1992) HJ 4120 T97


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The inclusion of links on this page does not imply endorsement by the National Association of REALTORS®. NAR makes no representations about whether the content of any external sites which may be linked in this page complies with state or federal laws or regulations or with applicable NAR policies. These links are provided for your convenience only and you rely on them at your own risk.

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