What are property taxes and how do they work?

Property taxes in the United States are an ad valorum tax, meaning that they are based on the value of the property. The average property tax rate in the United States is 0.93%, meaning that for every $100,000 of property value, the owner would pay $930 in property taxes. Across the 100.7 million properties in the United States with a total value of $37.2 trillion, this would amount to $347.8 billion in total property taxes collected.

Property taxes vary between states and counties, as each state and county sets its own tax rate. In addition, some states and counties offer exemptions or credits to certain types of property owners, such as seniors or veterans. Property taxes are typically used to fund local services, such as schools, roads, and public safety.

Last updated: November 01, 2023

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Property Taxes by State

Real Estate and Property Taxes in the US

# of Real Properties
Total Real Estate Value
Average Property Tax Rate
Total Real Property Taxes

Average Property Tax Bill by State

Frequently asked questions

We currently operate in Texas, California, Washington, Georgia, Florida and Illinois.
We use a private national data provider that cross-references with county recorder's offices to verify ownership. If in the event our system is unable to verify the property, our team will take further steps to investigate ownership and reach out to the customer for confirmation.
Our success rate varies across geographies; however, in any given year, we typically win more than 70% of our cases, saving clients an average of $1,457 on their property taxes.
Yes, in the market areas we serve, we have a dedicated Property Tax Consultant that is physically present in the market they are servicing. The specialist assigned to your property has the necessary geographical competence to provide exemplary service!