Property Tax 101: What Homeowners Need to Know

No one likes to pay property tax but knowing how these taxes work might make the situation more bearable.

block house with a dollar sign inside for property tax story
(Image credit: Getty Images)

Property tax is a fact of life for U.S. homeowners. 

  • You pay property taxes for as long as you own your home. 
  • How much you pay in property tax will depend on where you live and the assessed value of your property, and the amount you pay might change over time.

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Katelyn Washington
Former Tax Writer

Katelyn has more than 6 years of experience working in tax and finance. While she specialized in tax content while working at Kiplinger from 2023 to 2024, Katelyn has also written for digital publications on topics including insurance, retirement, and financial planning and had financial advice commissioned by national print publications. She believes knowledge is the key to success and enjoys providing content that educates and informs.