21 States Have Higher Property Tax than Florida

A recent report by RealtyTrac shows 21 states had higher property tax rates than Florida.

Homeowners paid an average of 1.18% effective property tax rate in 2014 based on the average estimated market value of single family homes. I usually advise my customers to anticipate 1.25% property tax upon the new assessment based on the sales price of the property.

New York, Texas, Illinois, Connecticut, and New Jersey had the highest effective property tax rate.

This report does not give a figure for those homes that qualify for a homestead exemption.

You can read the entire RealtyTrac report here.