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Updated about 4 years ago on . Most recent reply

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Bill O'Donnell
  • Rental Property Investor
  • Newburgh, NY
117
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Is there any place in the USA that has no property taxes?

Bill O'Donnell
  • Rental Property Investor
  • Newburgh, NY
Posted

I know that some states have no income tax. Some don't have sales tax. Is there any place in the states that doesn't tax real estate?

If so, where?

I am aware that different markets tax at higher or lower rates. Just wondering if any don't tax property at all.

Most Popular Reply

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Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
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Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
Replied

Some states and counties allow for the retired and /or vets/disabled vets with low incomes to pay very low property taxes.  Mine are $3800, my next door neighbor in his 80s that makes less than $40k/yr pays $600 and our places are similar in value. 

We bought a historic building with a 10 yr property tax subsidy.  They went from about $1k to the normal $3-4k yr 11. 

But in general, no- counties, schools, libraries, roads, FDs and PDs would starve with no property taxes. 

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