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

See where U.S. homeowners pay the highest property taxes by county and state

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.

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