Field Guide to Impacts of Property Taxes on Real Estate
(Updated May 2014)
Americans love to hate property taxes despite the fact that local governments depend upon this levy to provide services and programs to local residents. This Field Guide offers articles about the history of property taxes in the United States and also addresses the current housing market and its impact on real estate taxes. (A. Siudzinski, Senior Library Information Specialist)
Q - ProQuest articles available for NAR members only. Password can be found on the ProQuest/Find Articles page.
Understanding Property Taxes
Property Taxes Annual Report, (National Association of REALTORS®). Click "Access State Issues Tracker," then select "Property Taxes" from the menu on the left.
50-State Property Tax Comparison Study, (Lincoln Institute of Land Policy, Mar. 2014).
Property tax fundamentals, (Lincoln Institute of Land Policy, 2014).
Residential property taxes in the United States, (Tax Policy Center, Nov. 2013).
Residential Property Taxes in the United States, (Urban-Brookings Tax Policy Center, Nov. 18, 2013).
Property tax basics, (US Tax Center/Internal Revenue Service, Oct. 8, 2013).
The Curious Case of Property Taxes, (U.S. News & World Report, Aug. 20, 2013).
How property taxes climb, even if home value drops, (National Public Radio, Jan. 20, 2012).
Property tax initiatives in the United States, (Journal of Housing Research, Vol. 21, No. 1, 2012). Q
Property Taxes (% of Property Value) by State (2012)
- New Jersey – 1.89%
- New Hampshire – 1.86%
- Texas - 1.81%
- Nebraska & Wisconsin - 1.76%
- Illinois - 1.73%
- Connecticut - 1.63%
- Michigan - 1.62%
- Vermont - 1.59%
- North Dakota - 1.42%
- Ohio - 1.36%
- Pennsylvania & Rhode Island - 1.35%
- Iowa - 1.29%
- South Dakota - 1.28%
- New York - 1.23%
- Maine - 1.09%
Source: Tax Rates.org, (2012).
Impact on Property Values
The effect of property taxes on home values (Journal of Real Estate Literature, Vol. 8, No. 2, 2000). Q
The connection between house price appreciation and property tax revenues (National Tax Journal, Sept. 2008). Q
Are property taxes capitalized into housing prices in Savannah, Georgia? An investigation of the market mechanism, (Journal of Housing Research, Vol. 18, No. 1, 2008). Q
Homeowners, renters, and the political economy of property taxation, (University of Connecticut - Department of Economics Working Paper Series, Oct. 2013).
Greening the property tax, (OECD Working Papers on Fiscal Federalism, 2014).
Challenging Your Property Tax Bill
How to Reduce Your Property Taxes, (Kiplinger, Mar. 2014).
How to Lower Your Property Taxes, and When Not to Try It, (Huffington Post, Dec. 12, 2013).
How to Cut Your Property Taxes, (Credit.com, Oct. 8, 2013).
Appraisal Institute Provides Homeowners With Property Tax Appeal Tips, (The Appraisal Institute, Mar. 21, 2013).
Significant Features of the Property Tax, (Lincoln Institute of Land Policy).
Property Tax Data by County, (Tax Foundation).
Quarterly Summary of State & Local Tax Revenue, (U. S. Census Bureau).
eBooks & Other Resources
The following eBooks and digital audiobooks are available to NAR members:
How to Invest In Offshore Real Estate and Pay Little or No Taxes (Adobe PDF eBook )
Make Money in Real Estate Tax Liens (Kindle Book; Adobe PDF eBook)
Real Estate Advantages (Overdrive WMA Audiobook)
Books, Videos, Research Reports & More
The resources below are available for loan through Information Central. 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 Information Central 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, (Hollis, NH: Puritan Press, 2010). HJ 4120 B14
How to reduce your property taxes, (Genesis Press, 1995). HJ 3241 Ad5
Reduce your property taxes, (Crisp Publications, 1992). HJ 4120 T97
The Worst Tax? A History of the Property Tax in America, (University of Kansas Press, 1996). HJ 4120 F57
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