This study adds to the body of research on the relationship between property taxes and home price appreciation. Distinct from other research, this study focus is on the property tax burden affecting appreciation. A tax per capita approach is used as a way to describe the burden on US buyers as well as buyers by state. The study uses government data and other data from independent organizations. The primary period of interest is 2009-15, following the housing bubble and the great recession of 2008. The primary research question: Since the housing bubble, is there a relationship between the burden of property taxes per capita and property appreciation? This study concludes that there exists an inverse relationship between median values of homes and property taxes per capita.