Answers · current to October 2026
Property tax on a $5M home.
From $10,183 a year in Aspen to $90,759 in Coral Gables, on the rates each county published for 2027.
In short, current to October 2026
- On a home valued at $5,000,000, the yearly bill runs from $10,183 in Aspen to $90,759 in Coral Gables, every authority on the bill together.
- Inside one city the neighborhood can move the bill: Aspen by $6,293, The Hamptons by $4,850 and Montecito by $1,940 a year between its quarters.
- California sets the assessed value at the purchase price under Proposition 13, and it rises at most 2% a year. Texas and Florida reassess at market value, with caps for a homestead.
- Rates as each county or city published them for its latest tax year. The bill is the rate applied to $5,000,000, before any homestead or other exemption.
Each address on this page was last checked against its official sources between and . The sources for each are named on its page.
Source: the Patrician.ch board, an original ranking of 100 residence addresses across 47 countries and territories. Tax rates, thresholds and routes are sourced. Cost, safety, schools, sun and beauty are Patrician.ch editorial indices. Figures current to October 2026. Updated . Cite as: Patrician.ch, Property tax on a $5M home in 17 US luxury markets, 2027, patrician.ch/answers/property-tax-on-a-5m-home-in-us-luxury-markets/, October 2026.
