economy
February 20, 2026
See where U.S. homeowners pay the highest property taxes by county and state
February 20, 2026 / 5:00 AM EST / CBS News
TL;DR
- Property taxes are a major source of funding for local services in the U.S.
- Rising home values are leading to higher property tax assessments and bills.
- New York City Mayor Zohran Mamdani proposed raising property taxes to address a budget shortfall, sparking backlash.
- Some states, like Florida, Georgia, and North Dakota, are proposing to eliminate property taxes for homeowners.
- Illinois has the highest effective property tax rate, and Hawaii has the lowest.
- New York County (Manhattan) is among the U.S. counties with the highest median property tax payments.
- Other high property tax counties are located in New Jersey, additional New York counties, Virginia, and California.
Continue reading the original article