Smart homebuyers are looking for a state with no property tax to avoid long-term costs. If you're one of them, you're in luck. We've rounded up 10 U.S. states that either don’t charge property taxes or keep them impressively low. Let’s discover! What Is Property Tax? Property tax is a recurring fee that homeowners pay to local governments, typically on an annual or semi-annual basis. It is calculated based on the assessed value of your property, which reflects several factors. These factors include the home’s size, location, age, condition, and recent sale prices of similar homes nearby. For example, a large house in a high-demand neighborhood will have a higher assessed value than a smaller home in a less popular area, resulting in higher property taxes. Local tax assessors determi
May 26, 2025
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