The average amount people pay in property taxes in every US state
Posted by The Editor on July 1, 2021 2:19 pm
Tags: Buying a house, Cost Of Living, homebuying, Homeownership, More PFI Coverage, Personal Finance, Personal Finance Insider, Property Tax, Real Estate, Wallethub
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- The average American pays $2,471 of property taxes each year, per WalletHub and Census Bureau data.
- Median property taxes range from $587 a year in Alabama to $8,300 per year in New Jersey.
- These taxes vary widely based on the state's tax rate and median home values.
Tax rates in the US, from lowest to highest
Property isn’t cheap in Hawaii — with median home values at over $600,000, it’s not super affordable. But, Hawaiians have the lowest tax rates in the US.
Property tax rate: 0.28%
Median property value: $615,300
Annual tax on the median-valued property: $1,715
50. Alabama
Alabama residents pay the least in property taxes across the US.
Property tax rate: 0.41%
Median property value: $142,700
Annual tax on the median-valued property: $587
49. Colorado
Colorado offers residents a choice of big cities and more rural, mountain living, but both come with a pretty low tax rate in this state.
Property tax rate: 0.51%
Median property value: $343,300
Annual tax on the median-valued property: $1,756
48. Louisiana
Louisiana residents face a fairly modest property tax rate, and a small payment of $840.
Property tax rate: 0.55%
Median property value: $163,100
Annual tax on the median-valued property: $890
47. Washington DC
The median property value in the US capital is high, but low taxes mean that the typical DC resident will pay about $3,300 in property taxes.
Property tax rate: 0.56%
Median property value: $601,500
Annual tax on the median-valued property: $3,378
46. South Carolina
With low property taxes and relatively nice weather year-round, South Carolina is a fairly affordable option for coastal living.
Property tax rate: 0.57%
Median property value: $162,300
Annual tax on the median-valued property: $924
45. Delaware
Delaware might have very low tax rates, but high property values make annual taxes on the median property higher than in other states.
Property tax rate: 0.57%
Median property value: $251,100
Annual tax on the median-valued property: $1,240
44. West Virginia
West Virginia has some seriously low tax rates, and low median home values to match.
Property tax rate: 0.58%
Median property value: $119,600
Annual tax on the median-valued property: $698
43. Nevada
Nevada’s property values are high, but low taxes help to keep it affordable.
Property tax rate: 0.60%
Median property value: $267,900
Annual tax on the median-valued property: $1,614
42. Wyoming
While tax rates in Wyoming are fairly low, properties are more expensive than other western states, putting it at a much higher spot on the list.
Property tax rate: 0.61%
Median property value: $220,500
Annual tax on the median-valued property: $1,337
41. Arkansas
Arkansas is a pretty affordable state to live in, and low property taxes are a big help.
Property tax rate: 0.62%
Median property value: $127,800
Annual tax on the median-valued property: $798
40. Utah
Median property values nearing $300,000 make Utah expensive, but low tax rates are helpful.
Property tax rate: 0.63%
Median property value: $297,100
Annual tax on the median-valued property: $1,748
39. Arizona
Arizona’s property values are high, but tax rates aren’t.
Property tax rate: 0.66%
Median property value: $225,500
Annual tax on the median-valued property: $1,499
38. Idaho
The property taxes in Idaho are fairly low, though property values are higher than many other states this low on the list.
Property tax rate: 0.69%
Median property value: $212,300
Annual tax on the median-valued property: $1,456
37. Tennessee
Tennessee is a fairly affordable place to own land, with annual taxes on a median-value house below $1,200.
Property tax rate: 0.71%
Median property value: $167,200
Annual tax on the median-valued property: $1,190
36. California
California property values are high, and the typical homeowner will spend about $3,800 per year on property taxes.
Property tax rate: 0.71%
Median property value: $505,000
Annual tax on the median-valued property: $3,818
35. New Mexico
New Mexico is fairly affordable and offers residents affordable tax rates.
Property tax rate: 0.80%
Median property value: $171,400
Annual tax on the median-valued property: $1,371
34. Mississippi
Mississippi offers residents low property values in addition to tax rates below 1%.
Property tax rate: 0.81%
Median property value: $119,000
Annual tax on the median-valued property: $958
33. Virginia
Virginia has a pretty average tax rate, but high home values will cost Virginia homeowners more than most states.
Property tax rate: 0.82%
Median property value: $273,100
Annual tax on the median-valued property: $2,234
32. Montana
Montana has median home values at over the $200,000 mark, but relatively low property taxes.
Property tax rate: 0.84%
Median property value: $230,000
Annual tax on the median-valued property: $1,928
31. North Carolina
North Carolina is a fairly affordable place to own property.
Property tax rate: 0.84%
Median property value: $172,500
Annual tax on the median-valued property: $1,454
30. Indiana
Indiana is a pretty affordable place to own property, with a tax rate well below 1%.
Property tax rate: 0.85%
Median property value: $141,700
Annual tax on the median-valued property: $1,207
29. Kentucky
Kentucky’s low tax rates make it an affordable place to own property.
Property tax rate: 0.86%
Median property value: $141,00
Annual tax on the median-valued property: $1,210
28. Florida
Florida falls somewhere in the middle when it comes to property taxes and home values.
Property tax rate: 0.89%
Median property value: $215,300
Annual tax on the median-valued property: $1,914
27. Oklahoma
Oklahoma’s tax rates are relatively high compared to others this low in the ranking, but affordable property values keep the annual tax owed down considerably.
Property tax rate: 0.90%
Median property value: $136,800
Annual tax on the median-valued property: $1,228
26. Georgia
A million dollars could get you quite a bit of house in Georgia, but with a 0.92% tax rate, you’ll pay for it in taxes.
Property tax rate: 0.92%
Median property value: $176,000
Annual tax on the median-valued property: $1,623
25. Missouri
Missouri’s tax rate is very close to 1%, but property values there aren’t very high.
Property tax rate: 0.97%
Median property value: $157,200
Annual tax on the median-valued property: $1,526
24. Oregon
Oregon’s high tax rates and high home costs have Oregon residents paying over $3,000 each year in property taxes alone.
Property tax rate: 0.97%
Median property value: $312,200
Annual tax on the median-valued property: $3,037
23. North Dakota
North Dakota comes in at the middle of the list, with tax rates near 1% and median home values higher than many other Midwestern states.
Property tax rate: 0.98%
Median property value: $193,900
Annual tax on the median-valued property: $1,906
22. Washington
Washington has fairly high tax rates, and high median home values, too.
Property tax rate: 0.98%
Median property value: $339,000
Annual tax on the median-valued property: $3,326
21. Maryland
With median home prices at nearly $300,000, Maryland makes the top 10 states for highest annual property taxes.
Property tax rate: 1.09%
Median property value: $314,800
Annual tax on the median-valued property: $3,430
20. Minnesota
Minnesota residents will pay more than residents of neighboring states like North Dakota, South Dakota, and Iowa, thanks to higher home prices.
Property tax rate: 1.12%
Median property value: $223,900
Annual tax on the median-valued property: $2,500
19. Alaska
The typical Alaskan homeowner will spend over $3,100 in property taxes each year.
Property tax rate: 1.19%
Median property value: $270,400
Annual tax on the median-valued property: $3,231
18. Massachusetts
The typical Massachusetts homeowner will shell out over $4,600 each year for property taxes.
Property tax rate: 1.23%
Median property value: $381,600
Annual tax on the median-valued property: $4,679
17. South Dakota
South Dakota’s high tax rate makes up for the fact that median home values are affordable.
Property tax rate: 1.31%
Median property value: $167,100
Annual tax on the median-valued property: $2,195
16. Maine
High taxes in Maine mean that residents will pay a good amount for property tax.
Property tax rate: 1.36%
Median property value: $190,400
Annual tax on the median-valued property: $2,585
15. Kansas
Kansas residents pay higher tax rates than many of the states lower on this list, but median home values are much lower than many of those states.
Property tax rate: 1.41%
Median property value: $151,900
Annual tax on the median-valued property: $2,137
14. Michigan
With home values lower than its southern neighbor, Ohio, Michigan residents will pay a bit less to own a home.
Property tax rate: 1.54%
Median property value: $154,900
Annual tax on the median-valued property: $2,381
13. Ohio
Even with relatively low median home values, Ohio’s property tax rate over 1.50% puts it in the top 20 most expensive states for property taxes.
Property tax rate: 1.56%
Median property value: $145,700
Annual tax on the median-valued property: $2,271
12. Iowa
The typical Iowan will pay a higher tax rate than most Americans.
Property tax rate: 1.57%
Median property value: $147,800
Annual tax on the median-valued property: $2,315
11. Pennsylvania
Home values in Pennsylvania are only a little bit higher than the median. But, high tax rates leave Pennsylvanians paying about $2,800 a year in property tax.
Property tax rate: 1.58%
Median property value: $180,200
Annual tax on the median-valued property: $2,852
10. Rhode Island
The typical Rhode Islander will pay over $4,000 a year in property taxes.
Property tax rate: 1.63%
Median property value: $261,900
Annual tax on the median-valued property: $4,272
9. New York
New Yorkers’ typically high home values make a typical tax rate turn into a nearly $5,400-per-year property tax payment.
Property tax rate: 1.72%
Median property value: $313,700
Annual tax on the median-valued property: $5,407
8. Nebraska
Nebraska’s taxes are fairly high, meaning that residents will pay over $2,600 in taxes each year.
Property tax rate: 1.73%
Median property value: $155,800
Annual tax on the median-valued property: $2,689
7. Texas
Texas doesn’t have too high of a median home value, but high tax rates mean that the typical Texan will pay quite a bit in property taxes.
Property tax rate: 1.80%
Median property value: $172,500
Annual tax on the median-valued property: $3,099
6. Wisconsin
Wisconsin residents pay close to 2% in property taxes, putting it in the top states in the US with the highest property taxes.
Property tax rate: 1.85%
Median property value: $180,600
Annual tax on the median-valued property: $3,344
5. Vermont
Vermont homes are relatively affordable compared to the rest of New England, but property taxes are high in this state.
Property tax rate: 1.90%
Median property value: $227,700
Annual tax on the median-valued property: $4,329
4. Connecticut
High tax rates and a high median home value make property taxes in Connecticut rather expensive.
Property tax rate: 2.14%
Median property value: $275,400
Annual tax on the median-valued property: $5,898
3. New Hampshire
New Hampshire residents have the third-highest property tax values, and the typical resident will pay over $5,700 each year in property taxes.
Property tax rate: 2.18%
Median property value: $261,700
Annual tax on the median-valued property: $5,701
2. Illinois
Illinois homeowners will pay the second-highest property tax in the US at 2.27%.
Property tax rate: 2.27%
Median property value: $194,500
Annual tax on the median-valued property: $4,419
1. New Jersey
The typical New Jersey homeowner will face about $8,300 of property taxes each year, making it the most expensive state.
Property tax rate: 2.49%
Median property value: $335,600
Annual tax on the median-valued property: $8,362
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