Property Tax: What Homeowners Need to Know in 2026

How Property Tax Is Calculated

Property Tax = Assessed Value x Mill Rate. Assessed value is determined by your county assessor, typically a percentage of market value.

Highest Property Tax States

New Jersey (2.23%), Illinois (2.08%), New Hampshire (1.86%), and Connecticut (1.79%) have the highest effective rates.

Lowest Property Tax States

Hawaii (0.28%), Alabama (0.40%), Louisiana (0.55%), and South Carolina (0.55%) have the lowest rates.

How to Appeal

Check your assessment for errors, gather comparable sales data, and file an appeal with your county assessor by the deadline.

Use our calculator to estimate your property tax.