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) | State | Effective Real-Estate Tax Rate | Annual Taxes on $217.5K Home* | State Median Home Value | Annual Taxes on Home Priced at State Median Value |
|---|---|---|---|---|---|
| 1 | Hawaii | 0.28% | $606 | $615,300 | $1,715 |
| 2 | Alabama | 0.41% | $895 | $142,700 | $587 |
| 3 | Colorado | 0.51% | $1,113 | $343,300 | $1,756 |
| 4 | Louisiana | 0.55% | $1,187 | $163,100 | $890 |
| 5 | District of Columbia | 0.56% | $1,221 | $601,500 | $3,378 |
| 6 | South Carolina | 0.57% | $1,238 | $162,300 | $924 |
| 6 | Delaware | 0.57% | $1,240 | $251,100 | $1,431 |
| 8 | West Virginia | 0.58% | $1,269 | $119,600 | $698 |
| 9 | Nevada | 0.60% | $1,310 | $267,900 | $1,614 |
| 10 | Wyoming | 0.61% | $1,319 | $220,500 | $1,337 |
| 11 | Arkansas | 0.62% | $1,358 | $127,800 | $798 |
| 12 | Utah | 0.63% | $1,362 | $279,100 | $1,748 |
| 13 | Arizona | 0.66% | $1,446 | $225,500 | $1,499 |
| 14 | Idaho | 0.69% | $1,492 | $212,300 | $1,456 |
| 15 | Tennessee | 0.71% | $1,548 | $167,200 | $1,190 |
| 16 | California | 0.76% | $1,644 | $505,000 | $3,818 |
| 17 | New Mexico | 0.80% | $1,740 | $171,400 | $1,371 |
| 18 | Mississippi | 0.81% | $1,751 | $119,000 | $958 |
| 19 | Virginia | 0.82% | $1,779 | $273,100 | $2,234 |
| 20 | Montana | 0.84% | $1,818 | $230,600 | $1,928 |
| 20 | North Carolina | 0.84% | $1,833 | $172,500 | $1,454 |
| 22 | Indiana | 0.85% | $1,853 | $141,700 | $1,207 |
| 23 | Kentucky | 0.86% | $1,866 | $141,000 | $1,210 |
| 24 | Florida | 0.89% | $1,934 | $215,300 | $1,914 |
| 25 | Oklahoma | 0.90% | $1,952 | $136,800 | $1,228 |
| 26 | Georgia | 0.92% | $2,006 | $176,000 | $1,623 |
| 27 | Missouri | 0.97% | $2,111 | $157,200 | $1,526 |
| 27 | Oregon | 0.97% | $2,116 | $312,200 | $3,037 |
| 29 | North Dakota | 0.98% | $2,138 | $193,900 | $1,906 |
| 29 | Washington | 0.98% | $2,134 | $339,000 | $3,326 |
| 31 | Maryland | 1.09% | $2,370 | $314,800 | $3,430 |
| 32 | Minnesota | 1.12% | $2,429 | $223,900 | $2,500 |
| 33 | Alaska | 1.19% | $2,599 | $270,400 | $3,231 |
| 34 | Massachusetts | 1.23% | $2,667 | $381,600 | $4,679 |
| 35 | South Dakota | 1.31% | $2,857 | $167,100 | $2,195 |
| 36 | Maine | 1.36% | $2,953 | $190,400 | $2,585 |
| 37 | Kansas | 1.41% | $3,060 | $151,900 | $2,137 |
| 38 | Michigan | 1.54% | $3,343 | $154,900 | $2,381 |
| 39 | Ohio | 1.56% | $3,390 | $145,700 | $2,271 |
| 40 | Iowa | 1.57% | $3,407 | $147,800 | $2,315 |
| 41 | Pennsylvania | 1.58% | $3,442 | $180,200 | $2,852 |
| 42 | Rhode Island | 1.63% | $3,548 | $261,900 | $4,272 |
| 43 | New York | 1.72% | $3,749 | $313,700 | $5,407 |
| 44 | Nebraska | 1.73% | $3,754 | $155,800 | $2,689 |
| 45 | Texas | 1.80% | $3,907 | $172,500 | $3,099 |
| 46 | Wisconsin | 1.85% | $4,027 | $180,600 | $3,344 |
| 47 | Vermont | 1.90% | $4,135 | $227,700 | $4,329 |
| 48 | Connecticut | 2.14% | $4,658 | $275,400 | $5,898 |
| 49 | New Hampshire | 2.18% | $4,738 | $261,700 | $5,701 |
| 50 | Illinois | 2.27% | $4,942 | $194,500 | $4,419 |
| 51 | New Jersey | 2.49% | $5,419 | $335,600 | $8,362 |
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.
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