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Updated almost 8 years ago on . Most recent reply

User Stats

428
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322
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Steve Hodgdon
  • Investor
  • Novato, CA
322
Votes |
428
Posts

State Property Tax Rates

Steve Hodgdon
  • Investor
  • Novato, CA
Posted

I live in California and therefore pay big state income taxes. My real estate holdings are out of state. There are wide disparities in tax rates around the country. So, if I can avoid high property tax states, maybe I make a little bit more. Typically states with the highest income tax have the lowest property tax. Alabama is suddenly appealing.

Found this table on WalletHub - https://wallethub.com/edu/states-with-the-highest-...  It does not include county taxes, assessments, bond measures, etc.

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