Property taxes are a consistent and often substantial cost for homeowners, and they don’t disappear once the mortgage is paid off. In the U.S., property taxes are a significant revenue source for state and local governments, accounting for over 30% of total state and local tax collections....
Property tax rates vary by location. Here’s a breakdown of average property taxes by state, and how much you can expect to pay.
Maryland, Mississippi, Missouri, Montana, Nebraska, New Jersey, North Dakota, Ohio, Oklahoma, South Carolina, South Dakota, Vermont, West Virginia, and Wyoming, a tax lien will be attached to the property and the right to collect your unpaid taxes plus interest may be auctioned off to an in...