Here Are The States You’ll Pay The Most In Property Taxes
The average American household spends $2,127 on property taxes for their homes each year, according to the U.S. Census Bureau, and residents of the 27 states with vehicle property taxes shell out another $412. Considering these figures and the debt-fueled environment to which we have grown so accustomed, it should come as no surprise that roughly $11.8 billion in property taxes go unpaid each year, the National Tax Lien Association has found.
But which states pack the biggest property-tax punch?
|
Rank |
State |
Effective Real-Estate Tax Rate |
Annual Taxes on $176K Home* |
State Median Home Value |
Annual Taxes on Home Priced at State Median Value |
|---|---|---|---|---|---|
| 1 | Hawaii | 0.28% | $489 | $504,500 | $1,405 |
| 2 | Alabama | 0.43% | $764 | $123,800 | $538 |
| 3 | Louisiana | 0.48% | $841 | $140,400 | $672 |
| 4 | Delaware | 0.53% | $929 | $232,900 | $1,231 |
| T-5 | District of Columbia | 0.57% | $1,005 | $454,500 | $2,601 |
| T-5 | South Carolina | 0.57% | $1,009 | $137,600 | $790 |
| 7 | West Virginia | 0.59% | $1,035 | $100,200 | $590 |
| T-8 | Arkansas | 0.62% | $1,088 | $108,700 | $673 |
| T-8 | Colorado | 0.62% | $1,097 | $239,400 | $1,495 |
| T-8 | Wyoming | 0.62% | $1,094 | $189,300 | $1,179 |
| 11 | Utah | 0.69% | $1,210 | $212,500 | $1,463 |
| 12 | New Mexico | 0.72% | $1,273 | $159,300 | $1,154 |
| 13 | Tennessee | 0.75% | $1,314 | $139,900 | $1,046 |
| 14 | Idaho | 0.77% | $1,354 | $160,500 | $1,237 |
| 15 | Mississippi | 0.78% | $1,377 | $100,800 | $790 |
| 16 | Virginia | 0.80% | $1,401 | $243,500 | $1,941 |
| 17 | California | 0.81% | $1,429 | $371,400 | $3,021 |
| T-18 | Kentucky | 0.84% | $1,471 | $121,600 | $1,018 |
| T-18 | Arizona | 0.84% | $1,484 | $162,900 | $1,376 |
| 20 | North Carolina | 0.85% | $1,502 | $153,600 | $1,313 |
| T-21 | Oklahoma | 0.87% | $1,525 | $115,000 | $998 |
| T-21 | Montana | 0.87% | $1,528 | $187,600 | $1,632 |
| 23 | Indiana | 0.88% | $1,539 | $122,700 | $1,075 |
| 24 | Nevada | 0.92% | $1,618 | $167,100 | $1,539 |
| 25 | Georgia | 0.96% | $1,682 | $148,000 | $1,417 |
| 26 | Missouri | 1.00% | $1,763 | $136,700 | $1,372 |
| T-27 | Oregon | 1.08% | $1,890 | $234,100 | $2,518 |
| T-27 | Washington | 1.08% | $1,903 | $257,200 | $2,785 |
| T-27 | Maryland | 1.08% | $1,906 | $287,500 | $3,118 |
| 30 | Florida | 1.10% | $1,932 | $156,200 | $1,718 |
| 31 | Massachusetts | 1.18% | $2,075 | $329,900 | $3,896 |
| 32 | Minnesota | 1.19% | $2,091 | $185,200 | $2,204 |
| 33 | Alaska | 1.21% | $2,124 | $246,300 | $2,978 |
| 34 | North Dakota | 1.22% | $2,146 | $142,000 | $1,734 |
| 35 | Maine | 1.27% | $2,233 | $173,600 | $2,206 |
| 36 | South Dakota | 1.36% | $2,382 | $135,700 | $1,840 |
| 37 | Kansas | 1.41% | $2,478 | $129,400 | $1,825 |
| 38 | Iowa | 1.47% | $2,582 | $126,300 | $1,856 |
| 39 | Pennsylvania | 1.51% | $2,647 | $164,900 | $2,484 |
| 40 | Ohio | 1.55% | $2,729 | $129,600 | $2,013 |
| 41 | New York | 1.58% | $2,773 | $283,700 | $4,478 |
| 42 | Rhode Island | 1.61% | $2,829 | $241,200 | $3,883 |
| 43 | Vermont | 1.72% | $3,021 | $216,200 | $3,717 |
| 44 | Michigan | 1.83% | $3,220 | $120,200 | $2,203 |
| 45 | Nebraska | 1.88% | $3,301 | $130,100 | $2,444 |
| 46 | Connecticut | 1.91% | $3,357 | $274,500 | $5,244 |
| 47 | Texas | 1.93% | $3,392 | $131,400 | $2,537 |
| 48 | Wisconsin | 1.97% | $3,459 | $165,900 | $3,266 |
| 49 | New Hampshire | 2.10% | $3,698 | $237,400 | $4,996 |
| 50 | Illinois | 2.25% | $3,959 | $175,700 | $3,959 |
| 51 | New Jersey | 2.29% | $4,029 | $319,900 | $7,335 |
via WalletHub
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