Cities with the Lowest Real Estate Taxes

It was Benjamin Franklin that once said, β€œin this world, nothing can be said to be certain, except death and taxes.” Real estate tax – more commonly called property tax – is one certainty that homeowners face on an annual basis. How various locales determine property tax rates can be complicated, but the simplest explanation for homeowners is that it real estate tax amounts to a percentage of the assessed value of a real estate property. It is this tax that is often is a major contributor to municipal coffers. Cities, counties and states often use the revenue from these taxes to pay for services.

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