Property tax is tax paid by the property owner mostly annually to the Government and it is charged on the net assets of the assesse. This tax is derived from property owner on profit. The tax has to be paid on the same property year after year on the market price whether there is no income from that property. For example, for 2017, you can claim an unlimited amount of property taxes when you itemize your deductions on Schedule A. In 2017, the standard deductions were: $6,350 (for single and married filing separately), $9,350 (head of household) and $12,700 (married filing jointly or qualifying widow[er]). Pay your property taxes online. Paying your property taxes is still provided through US Bank. To access the payment portal: Visit property tax and value lookup. Search for your property. Choose the correct parcel under "Property Search Results". Click "Pay Property Tax" button.