Property Taxes by State

A property tax is basically an ad valorem tax. All real estate or property owners are subjected to property taxes by townships, counties or local-level government authorities. These taxes vary and are based on the property tax rate, and the said properties' assessed value. A few exemptions and deductions can be availed by certain real estate owners. Barring such instances, almost all real property is subject to property tax. In addition to standard tax on real estate, it also extends to some valuable assets such as yachts, expensive collector goods, business inventory etc.

Property Taxes by State

State Property Tax (Average) Alabama $503 Alaska $1,728 Ar