2017’s Property Taxes by State

Mar 1, 2017 | John S Kiernan, Senior Writer & Editor WalletHub

Property taxes are insignificant to some and the bane of others’ existence. The average American household spends $2,149 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 $402 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.

And though property taxes might appear to be a non-issue for the 37 percent of renter households, that couldn’t be further from the truth. We all pay property taxes, whether directly or indirectly, as they impact the rent we pay as well as the finances of state and local governments.

But which states pack the biggest property-tax punch, and what should residents keep in mind when it comes to meeting and ultimately minimizing their tax obligations? In search of answers, we analyzed the 50 states and the District of Columbia in terms of real-estate and vehicle property taxes. We also consulted a panel of property-tax experts for insights both practical and political. Read on for our findings and methodology.

Real-Estate Tax Ranking

Source: WalletHub

Rank

State

Effective Real-Estate Tax Rate

Annual Taxes on $179K Home*

State Median Home Value

Annual Taxes on Home Priced at State Median Value

1 Hawaii 0.27% $487 $515,300 $1,406
2 Alabama 0.43% $773 $125,500 $543
3 Louisiana 0.49% $876 $144,100 $707
4 Delaware 0.54% $959 $231,500 $1,243
5 District of Columbia 0.56% $1,000 $475,800 $2,665
6 South Carolina 0.57% $1,019 $139,900 $798
7 West Virginia 0.58% $1,044 $103,800 $607
8 Colorado 0.60% $1,073 $247,800 $1,489
9 Wyoming 0.61% $1,097 $194,800 $1,196
10 Arkansas 0.62% $1,111 $111,400 $693
11 Utah 0.68% $1,218 $215,900 $1,472
12 New Mexico 0.74% $1,324 $160,300 $1,188
13 Tennessee 0.75% $1,335 $142,100 $1,062
14 Idaho 0.76% $1,366 $162,900 $1,246
15 Mississippi 0.79% $1,408 $103,100 $813
16 Virginia 0.80% $1,420 $245,000 $1,948
T-17 California 0.81% $1,438 $385,500 $3,104
T-17 Arizona 0.81% $1,446 $167,500 $1,356
T-19 Montana 0.85% $1,525 $193,500 $1,652
T-19 Kentucky 0.85% $1,511 $123,200 $1,042
T-19 North Carolina 0.85% $1,524 $154,900 $1,322
T-19 Nevada 0.85% $1,523 $173,700 $1,481
23 Indiana 0.87% $1,560 $124,200 $1,085
24 Oklahoma 0.88% $1,569 $117,900 $1,036
25 Georgia 0.94% $1,685 $148,100 $1,397
26 Missouri 1.00% $1,790 $138,400 $1,387
27 Florida 1.06% $1,894 $159,000 $1,686
T-28 Oregon 1.08% $1,929 $237,300 $2,563
T-28 Washington 1.08% $1,931 $259,500 $2,805
30 Maryland 1.10% $1,956 $286,900 $3,142
31 North Dakota 1.12% $2,000 $153,800 $1,722
T-32 Alaska 1.18% $2,112 $250,000 $2,956
T-32 Minnesota 1.18% $2,110 $186,200 $2,200
34 Massachusetts 1.20% $2,139 $333,100 $3,989
35 Maine 1.30% $2,321 $173,800 $2,259
36 South Dakota 1.34% $2,389 $140,500 $1,879
37 Kansas 1.40% $2,502 $132,000 $1,849
38 Iowa 1.48% $2,649 $129,200 $1,916
39 Pennsylvania 1.53% $2,725 $166,000 $2,533
40 Ohio 1.56% $2,794 $129,900 $2,032
41 New York 1.62% $2,899 $283,400 $4,600
42 Rhode Island 1.63% $2,915 $238,000 $3,884
43 Vermont 1.74% $3,116 $217,500 $3,795
44 Michigan 1.78% $3,172 $122,400 $2,174
45 Nebraska 1.85% $3,308 $133,200 $2,467
46 Texas 1.90% $3,386 $136,000 $2,578
47 Wisconsin 1.96% $3,499 $165,800 $3,248
48 Connecticut 1.97% $3,517 $270,500 $5,327
49 New Hampshire 2.15% $3,838 $237,300 $5,100
50 Illinois 2.30% $4,105 $173,800 $3,995
51 New Jersey 2.35% $4,189 $315,900 $7,410

*$178,600 is the median home value in the U.S. as of 2015, the year of the most recent available data.

 

<a href=”https://wallethub.com/edu/states-with-the-highest-and-lowest-property-taxes/11585/”>
<img src=”//d2e70e9yced57e.cloudfront.net/wallethub/posts/33027/rankings-2010-2015-real-estate-tax_-states.gif” width=”” height=”” alt=”Rankings-2010—2015-Real-Estate-Tax_-States” />
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<div style=”width:px;font-size:12px;color:#888;”>Source: <a href=”https://wallethub.com/edu/states-with-the-highest-and-lowest-property-taxes/11585/”>WalletHub</a></div>