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Updated almost 8 years ago,
State Property Tax Rates
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 |