Property Taxes

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

Which Areas Collect the Most in Property Taxes? (Tax Foundation, Aug. 7, 2019)

Property Tax Definition (Investopedia, Jul. 1, 2019)

How Property Taxes Are Calculated (Investopedia, May 15, 2019)

U.S. Property Taxes Levied on Single Family Homes in 2018 Increased 4 Percent to More Than $304 Billion (ATTOM Data Solutions, Apr. 2, 2019)

2019’s Property Taxes by State (WalletHub, Feb. 26, 2019)

2018 Instructions for Schedule A (Form 1040) Itemized Deductions (Internal Revenue Service, Dec. 10, 2018)

Real Property Values Matter at Property Tax Time (The Register-Guard, Oct. 2, 2018)

The Case Against Property Taxes (and Two Alternative Taxes That Work) (Forbes, Sep. 14, 2018)

Tax Policy Center’s Briefing Book: How Do State and Local Property Taxes Work? (Urban Institute & Brookings Institution, 2018)

Property Taxes Impact on Property Value

As Central Ohio Home Values Rise, So Do Property Taxes (WBNS, Aug. 2, 2019)

Spiral of Decline Heavy Burden for Homeowners (Better Government Association, Jul. 26, 2019)

Reappraised Property Values, for Tax Purposes, Increase in Most Counties (KBZK, Jun. 26, 2019)

New Property Values May Not Equal Increased Taxes (The Excelsior Springs Standard, Apr. 15, 2019)

What's the Difference Between Your Home's Market and Assessed Value? (U.S. News & World Report, Aug. 29, 2018)

What Increases Property Taxes? (SFGate, Dec. 27, 2018)

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

3 Ways Tax Reform Will Hit Home Values (CNN, Jan. 10, 2018)

6 Things That Might Make Your Property Taxes Go Up (Architectural Digest, Jan. 4, 2018)

Challenging Your Property Tax Bill

An Appeal Can Lessen a Property Tax Bill (FEDWeek, Jun. 20, 2019)

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

8 Steps to Appeal Your Property Tax Bill (Kiplinger, Apr. 19, 2019)

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

Are You in the 60% of People Overpaying? Dispute Your Property Taxes (House Loan Blog, Feb. 1, 2019)

The Property Tax Appeal Process Explained (HouseLogic, 2019)

Are You Paying Too Much Property Tax? Check for Tax Exemptions (Quicken Loans, Sep. 4, 2018)

What to Do When Your Property Tax Increases (U.S. News and World Report, Apr. 27, 2018)

Some Owners Making Efforts to Cut Property Taxes (REALTOR® Magazine, Mar. 28, 2018)

Appraisers Key to Property Tax Appeals, Appraisal Institute Says (PR Newswire, Feb. 28, 2018) E

Useful Websites

Property Tax Data by County (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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