The 8 Places With No Property Tax
IMI's review of more than 100 countries and territories found only eight places that charge no annual property tax on a home. They range from Monaco and Malta to the Cayman Islands and the Gulf. In New Jersey, the average owner pays 1.88% of a home's value every year. IMI covers what the eight collect instead and why a property tax rate tells you little. It also covers how a second home abroad can cost more than the one you live in. It ends with the heaviest bills in the United Kingdom, the United States, and Canada, including Florida's ballot measure on its homestead exemption.
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