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This tax break reduces the amount of tax you owe and might even help you qualify for a refund.
These perks vary by state and municipality.
Local governments typically impose property taxes on city, county and school district residents.
But state governments are the entities that usually levy personal property taxes.
Property tax bills are almost always issued once a year.
So, What Are the Best Property Tax Breaks?
Determining the best property tax incentives in 2024 is tricky because you get similar tax perks across the U.S. Lower tax rates can be a powerful incentive for property owners.
Hawaii has the lowest, at 0.32%.
In 2023, the average New Jersey property tax bill topped $9,800, according toNew Jersey Spotlight News.
