Property Tax Rates throughout U.S.

[Lee L.]

Property taxes are a major component of expenses in real estate. Today I found this article from Mansion Global that shows the latest numbers from CoreLogic comparing the property tax rates throughout the country on a $2 million home. Check it out: 

If anyone would like to chime in on any nuances of their state's property tax policies, feel free to chime in. Here in CA, we have Prop 13, which has been a huge boon to property owners. In very simple terms, it sets a 2% limit on annual property tax increases, which is pretty awesome.