High Property Taxes: Ranking Each State (2022)

Property taxes can vary greatly from state to state. WalletHub has broken down how much you can expect to pay in each state.

Each year, the average American household spends $2,471 on real-estate property taxes.

To find out who pays the most relative to their state, the personal-finance website WalletHub released its 2022 Property Taxes by State report.


Real-Estate Property Tax Rates by State

Source: WalletHub
Rank
(1=Lowest)
 
StateEffective Real-Estate Tax Rate Annual Taxes on $217.5K Home* State Median Home Value Annual Taxes on Home Priced at State Median Value 
1Hawaii0.28%$606$615,300$1,715
2Alabama0.41%$895$142,700$587
3Colorado0.51%$1,113$343,300$1,756
4Louisiana0.55%$1,187$163,100$890
5District of Columbia0.56%$1,221$601,500$3,378
6South Carolina0.57%$1,238$162,300$924
6Delaware0.57%$1,240$251,100$1,431
8West Virginia0.58%$1,269$119,600$698
9Nevada0.60%$1,310$267,900$1,614
10Wyoming0.61%$1,319$220,500$1,337
11Arkansas0.62%$1,358$127,800$798
12Utah0.63%$1,362$279,100$1,748
13Arizona0.66%$1,446$225,500$1,499
14Idaho0.69%$1,492$212,300$1,456
15Tennessee0.71%$1,548$167,200$1,190
16California0.76%$1,644$505,000$3,818
17New Mexico0.80%$1,740$171,400$1,371
18Mississippi0.81%$1,751$119,000$958
19Virginia0.82%$1,779$273,100$2,234
20Montana0.84%$1,818$230,600$1,928
20North Carolina0.84%$1,833$172,500$1,454
22Indiana0.85%$1,853$141,700$1,207
23Kentucky0.86%$1,866$141,000$1,210
24Florida0.89%$1,934$215,300$1,914
25Oklahoma0.90%$1,952$136,800$1,228
26Georgia0.92%$2,006$176,000$1,623
27Missouri0.97%$2,111$157,200$1,526
27Oregon0.97%$2,116$312,200$3,037
29North Dakota0.98%$2,138$193,900$1,906
29Washington0.98%$2,134$339,000$3,326
31Maryland1.09%$2,370$314,800$3,430
32Minnesota1.12%$2,429$223,900$2,500
33Alaska1.19%$2,599$270,400$3,231
34Massachusetts1.23%$2,667$381,600$4,679
35South Dakota1.31%$2,857$167,100$2,195
36Maine1.36%$2,953$190,400$2,585
37Kansas1.41%$3,060$151,900$2,137
38Michigan1.54%$3,343$154,900$2,381
39Ohio1.56%$3,390$145,700$2,271
40Iowa1.57%$3,407$147,800$2,315
41Pennsylvania1.58%$3,442$180,200$2,852
42Rhode Island1.63%$3,548$261,900$4,272
43New York1.72%$3,749$313,700$5,407
44Nebraska1.73%$3,754$155,800$2,689
45Texas1.80%$3,907$172,500$3,099
46Wisconsin1.85%$4,027$180,600$3,344
47Vermont1.90%$4,135$227,700$4,329
48Connecticut2.14%$4,658$275,400$5,898
49New Hampshire2.18%$4,738$261,700$5,701
50Illinois2.27%$4,942$194,500$4,419
51New Jersey2.49%$5,419$335,600$8,362
*$217,500 is the median home value in the U.S. as of 2019, the year of the most recent available data.

Hawaii has the lowest real-estate property taxes, according to WalletHub’s 2022 Property Taxes by State Report.

Key Property Taxes Stats

  • Hawaii has the lowest real-estate tax, $606, which is 8.9 times lower than in New Jersey, the state with the highest at $5,419. 
  • Blue States have 31.12 percent higher real-estate property taxes, averaging $2,722, than Red States, averaging $2,076.

Methodology

To determine the states with the highest and lowest property taxes, WalletHub compared the 50 states and the District of Columbia by using U.S. Census Bureau data to determine real-estate property tax rates.

To view the full report and your state’s rank, visit wallethub.com.


Further Reading

2 COMMENTS

  1. Just a thought. Because property values and the salaries of people who buy them vary significantly across the country, you really need to look at the taxes required to support similarly serviced communities. For example a northern city, with snow, aging infrastructure will have higher costs than a rural town in the south. That’s not to say one is better than the other. Only that it is not possible to compare the two because the people that choose to live in both areas are different.

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