Property tax quiz

Eight questions on how property taxes work, why they change and how to lower them.

8 questions · about 2 minutes · no signup needed

Question 1 of 8An “effective” property tax rate is…

The yearly tax divided by the home’s market valueThe rate printed on the deedThe school tax onlyYour mortgage rate

Question 2 of 8Can your property tax change after you buy?

TrueFalse

Question 3 of 8What is a homestead exemption?

A tax break many states offer on your primary homeA farming permitA loan typeAn HOA rule

Question 4 of 8Can you appeal your assessment?

TrueFalse

Question 5 of 8How do most homeowners with a mortgage pay property taxes?

Through their escrow accountIn cash at the town hallThey don’tThrough their employer

Question 6 of 8Which state is usually ranked among the highest effective property tax rates?

New JerseyHawaiiAlabamaColorado

Question 7 of 8Two homes cost the same in different towns. Their taxes are…

Always the sameOften very differentSet by the buyerSet by the lender

Question 8 of 8If your tax bill goes up, what happens to your mortgage payment?

NothingYour escrow payment usually risesYour rate risesYour loan gets longer

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