States Without Property Tax: From Lowest to Highest – Landlord Studio

Property taxes can vary significantly from building to building and of course from state to state. Across the US the average amount households pay each year in real estate tax is $2,400.However, as we mentioned already, this number varies significantly, and investors need to be careful when considering investment locations to ensure they don’t get stung by an above-average property tax rate.In this article, we take a look at the ten states with the lowest property tax and the ten states with the highest property tax.Understanding Real Estate TaxesReal estate taxes, also known as real property taxes, are a familiar aspect of property ownership for most Americans. These taxes are imposed on various types of properties and are typically remitted to state and local governments. The revenue generated from real estate taxes plays a pivotal role in funding essential local and state services.Personal Property Tax: A Distinct CategoryHowever, there's another tax called personal property tax, an...