Property Taxes by State in 2024: Highest to Lowest | The Motley Fool (2024)

Table of Contents
Property taxes vary widely by state -- find the highest, lowest, and yours here. Map Map: effective property tax rates by state Counties with highest property taxes Counties with highest property taxes Property taxes by state Property taxes by state Alabama property tax Alaska property tax Arizona property tax Arkansas property tax California property tax Colorado property tax Connecticut property tax Delaware property tax District of Columbia property tax Florida property tax Georgia property tax Hawaii property tax Idaho property tax Illinois property tax Indiana property tax Iowa property tax Kansas property tax Kentucky property tax Louisiana property tax Maine property tax Maryland property tax Massachusetts property tax Michigan property tax Minnesota property tax Mississippi property tax Missouri property tax Montana property tax Nebraska property tax Nevada property tax New Hampshire property tax New Jersey property tax New Mexico property tax New York property tax North Carolina property tax North Dakota property tax Ohio property tax Oklahoma property tax Oregon property tax Pennsylvania property tax Rhode Island property tax South Carolina property tax South Dakota property tax Tennessee property tax Texas property taxes Utah property tax Vermont property tax Virginia property tax Washington property tax Related retirement topics West Virginia property tax Wisconsin property tax Wyoming property tax FAQs FAQs Highest property taxes by state Lowest property taxes by state States with no property tax Planning for property taxes Sources Invest Smarter with The Motley Fool Join Over Half a Million Premium Members Receiving… HOW THE MOTLEY FOOL CAN HELP YOU Motley Fool Returns Our Guides FAQs

Research>Property Tax Rates By State

Property taxes vary widely by state -- find the highest, lowest, and yours here.

ByDann Albright –UpdatedMar 18, 2024 at 12:49PM

If you're concerned about long-term wealth, property tax rates can help you figure out where to move or retire. So which states have the highest and lowest property taxes? What about specific counties within those states?

Property Taxes by State in 2024: Highest to Lowest | The Motley Fool (1)

Image source: Getty Images

Property tax rates are complicated, but we've made some calculations to summarize them here. It's important to remember that the rates below may not reflect your actual property taxes, which depend on many factors.

Different types of properties have different tax rates, for example, and cities, counties, and school districts all set tax rates. But the figures below average statewide figures to give you a general idea. Let's start with the average property tax by state.

Map

Map: effective property tax rates by state

A quick note before we dive into the data: we calculated the effective property tax rates by state by dividing the median real estate tax paid by the median home value. Both were reported in the 2021 American Community Survey (ACS), the most recently data available. We used the five-year estimates to maximize accuracy.

As an example, the median real estate tax paid in the United States overall was $2,971, while the median home value was $268,800. That makes the effective property tax rate for the United States 1.11%.

Now let's take a look at the state property tax map (to see the median home value and median real estate tax paid, scroll down to any state below):

Here's the same data, presented in descending order by the effective property tax rate of each state, alongside the median property taxes paid:

Data source: U.S. Census Bureau (2022).
RankStateMedian real estate tax paidEffective real estate tax rate
1New Jersey$8,9282.46%
2Illinois$5,2132.29%
3Connecticut$6,2512.16%
4New Hampshire$6,2352.09%
5Texas$4,3991.90%
6Vermont$4,7061.89%
7New York$6,2171.73%
8Wisconsin$3,5701.71%
9Nebraska$3,1841.70%
10Iowa$2,7001.59%
11Ohio$2,6581.57%
12Pennsylvania$3,3521.56%
13Rhode Island$4,5261.54%
14Michigan$2,7341.45%
15Kansas$2,5561.40%
16Maine$2,8681.29%
17Alaska$3,7161.24%
18South Dakota$2,5281.22%
19Massachusetts$5,1131.19%
20Minnesota$2,8601.10%
21Maryland$3,7091.07%
22North Dakota$2,3781.02%
23Missouri$1,8301.00%
24Oklahoma$1,6230.99%
25Georgia$2,1510.95%
26Washington$3,8410.93%
27Oregon$3,4570.92%
28Florida$2,3720.89%
28Kentucky$1,5080.89%
30New Mexico$1,7210.84%
31Montana$2,3390.83%
31Indiana$1,3730.83%
31Virginia$2,6560.83%
34California$4,8040.81%
34Mississippi$1,2890.81%
36North Carolina$1,7650.80%
37Arkansas$1,0310.66%
38Tennessee$1,3760.65%
39Idaho$1,7410.63%
40Louisiana$1,2230.62%
40Delaware$1,6950.62%
42Wyoming$1,5010.61%
43Arizona$1,7170.60%
44District of Columbia$3,7540.59%
44West Virginia$9160.59%
46South Carolina$1,2130.58%
47Utah$1,9720.57%
48Nevada$1,7930.55%
49Colorado$2,1250.52%
50Alabama$7420.43%
51Hawaii$1,9150.29%

Counties with highest property taxes

Counties with highest property taxes

In addition to looking at state-level data, the ACS provides county-level property tax information (some of which you can find below under each state). Unfortunately, the ACS only tracks median real estate tax paid up to $10,000, at which point it lists "$10,000+".

14 counties paid a median property tax of $10,000 or more, making them the counties with the highest absolute property taxes paid in the country (we can only estimate their effective property tax rate, as we don't have actual tax data).

All but two of these counties were in New Jersey or New York:

Data source: U.S. Census Bureau (2022). Note: Virginia's 38 independent cities are treated as counties for census data and have their own tax rates, which is why Falls Church is listed on its own.
CountyMedian home valueMedian real estate tax paid
Marin County, California$1,146,900$10,000+
Bergen County, New Jersey$501,400$10,000+
Essex County, New Jersey$416,600$10,000+
Hunterdon County, New Jersey$440,100$10,000+
Morris County, New Jersey$480,200$10,000+
Passaic County, New Jersey$363,300$10,000+
Union County, New Jersey$396,500$10,000+
Nassau County, New York$567,200$10,000+
New York County, New York$1,029,900$10,000+
Putnam County, New York$383,300$10,000+
Rockland County, New York$471,000$10,000+
Suffolk County, New York$435,000$10,000+
Westchester County, New York$583,600$10,000+
Falls Church city, Virginia$895,000$10,000+

Property taxes by state

Property taxes by state

Now let's take a look at property tax by state.

Alabama property tax

  • Effective property tax rate: 0.43%
  • Median home value: $172,300
  • Median real estate tax paid: $742

The three counties in Alabama with the highest effective property tax rates are Greene County (0.77%), Jefferson County (0.62%), and Mobile County (0.55%). The Alabama counties with the lowest effective property tax rates are Choctaw County (0.21% or less*), Washington County (0.23%), and Bibb and Clarke Counties (0.24%).

Alaska property tax

  • Effective property tax rate: 1.24%
  • Median home value: $300,100
  • Median real estate tax paid: $3,716

The areas in Alaska with the highest property taxes include the Copper River Census Area (2.56%), Bethel Census Area (1.56%), and Anchorage Municipality (1.37%). Much of Alaska does not have a property tax, with four boroughs (Aleutians East, Denali, Lake and Peninsula, and Northwest Arctic) and two Census Areas (Hoonah-Angoon and Kusilvak) showing no real estate taxes paid on the 2021 American Community Survey.

Arizona property tax

  • Effective property tax rate: 0.60%
  • Median home value: $283,900
  • Median real estate tax paid: $1,717

The three counties in Arizona with the highest effective property tax rates are Pima County (0.89%), Yuma County (0.79%), and Santa Cruz County (0.76%). The Arizona counties with the lowest effective property tax rates are Apache County (0.34%), Greenlee County (0.37%), and Coconino County (0.48%).

Arkansas property tax

  • Effective property tax rate: 0.66%
  • Median home value: $157,300
  • Median real estate tax paid: $1,031

The three counties in Arkansas with the highest effective property tax rates are Pulaski County (0.85%), Phillips County (0.82%), and Lafayette County (0.75%). The Arkansas counties with the lowest effective property tax rates are Stone County (0.34%), Searcy County (0.40%), and Randolph and Montgomery Counties (0.41%).

California property tax

  • Effective property tax rate: 0.81%
  • Median home value: $591,300
  • Median real estate tax paid: $4,804

The three counties in California with the highest effective property tax rates are Modoc County (1.07%), Kern County (1.06%), and Riverside County (0.97%). The California counties with the lowest effective property tax rates are Tehama County (0.70%) and Mono, San Mateo, and Inyo Counties (0.71%).

Note that Marin County's real estate tax paid isn't captured accurately by the American Community Survey (it lists only "$10,000+" for median real estate tax paid) so its effective tax rate of 0.87% on a median home value of $1,146,900 may be significantly lower than the actual effective rate.

Colorado property tax

  • Effective property tax rate: 0.52%
  • Median home value: $407,100
  • Median real estate tax paid: $2,125

The three counties in Colorado with the highest effective property tax rates are Kiowa County (0.83%) and Cheyenne and Kit Carson Counties (0.68%). The Colorado counties with the lowest effective property tax rates are Jackson County (0.20%), Greenlee County (0.28%), and San Miguel County (0.29%).

Connecticut property tax

  • Effective property tax rate: 2.16%
  • Median home value: $289,600
  • Median real estate tax paid: $6,251

The three counties in Connecticut with the highest effective property tax rates are Hartford County (2.37%), New Haven County (2.32%), and Tolland County (2.22%). The Connecticut counties with the lowest effective property tax rates are Windham County (1.80%), Fairfield County (1.85%), and New London County (1.90%).

Delaware property tax

  • Effective property tax rate: 0.62%
  • Median home value: $274,800
  • Median real estate tax paid: $1,694

Delaware's three counties have effective tax rates of 0.81% in New Castle County, 0.54% in Kent County, and 0.38% in Sussex County.

District of Columbia property tax

  • Effective property tax rate: 0.59%
  • Median home value: $636,600
  • Median real estate tax paid: $3,754

Florida property tax

  • Effective property tax rate: 0.89%
  • Median home value: $266,100
  • Median real estate tax paid: $2,372

The three counties in Florida with the highest effective property tax rates are Alachua County (1.14%), Broward County (1.05%), and Hendry and St. Lucie Counties (1.04%). The Florida counties with the lowest effective property tax rates are Walton County (0.56%); Monroe County (0.62%); and Jackson, Franklin, and Holmes Counties (0.64%).

Georgia property tax

  • Effective property tax rate: 0.95%
  • Median home value: $226,600
  • Median real estate tax paid: $2,151

The three counties in Georgia with the highest effective property tax rates are Taliaferro County (2.37%), New Haven County (2.32%), and Tolland County (2.22%). The Georgia counties with the lowest effective property tax rates are Windham County (1.80%), Fairfield County (1.85%), and New London County (1.90%).

Hawaii property tax

  • Effective property tax rate: 0.29%
  • Median home value: $669,200
  • Median real estate tax paid: $1,915

The American Community Survey shows four counties with property tax data: Hawaii County (effective property tax rate of 0.32%), Honolulu County (0.30%), Kauai County (0.25%), and Maui County (0.20%). The ACS has no data for Kalawao County.

Idaho property tax

  • Effective property tax rate: 0.63%
  • Median home value: $277,400
  • Median real estate tax paid: $1,741

The three counties in Idaho with the highest effective property tax rates are Power County (0.88%), Bannock County (0.87%), and Nez Perce County (0.86%). The Idaho counties with the lowest effective property tax rates are Idaho County (0.36%), Clark County (0.38%), and Boise County (0.42%).

Illinois property tax

  • Effective property tax rate: 2.29%
  • Median home value: $227,700
  • Median real estate tax paid: $5,213

The three counties in Illinois with the highest effective property tax rates are DeKalb County (2.91%) and Lake and Winnebago Counties (2.90%). The Illinois counties with the lowest effective property tax rates are Pope County (1.16%), Pulaski County (1.17%), and Hardin County (1.37%).

Indiana property tax

  • Effective property tax rate: 0.83%
  • Median home value: $165,900
  • Median real estate tax paid: $1,373

The three counties in Indiana with the highest effective property tax rates are Lake County (1.05%), Marion County (1.01%), and Vigo County (0.98%). The Indiana counties with the lowest effective property tax rates are Pulaski and Clay Counties (0.44%) and Martin County (0.48%).

Iowa property tax

  • Effective property tax rate: 1.59%
  • Median home value: $169,600
  • Median real estate tax paid: $2,700

The three counties in Iowa with the highest effective property tax rates are Polk County (1.93%), Montgomery County (1.90%), and Pottawattamie and Monroe Counties (1.83%). The Iowa counties with the lowest effective property tax rates are Dickinson County (0.96%) and Lyon and Osceola Counties (1.00%).

Kansas property tax

  • Effective property tax rate: 1.40%
  • Median home value: $182,000
  • Median real estate tax paid: $2,556

The three counties in Kansas with the highest effective property tax rates are Stanton County (2.66%), Stevens County (2.53%), and Graham County (2.35%). The Kansas counties with the lowest effective property tax rates are Coffey County (1.06%), Wichita County (1.10%), and Mead and Nemaha Counties (1.12%).

Kentucky property tax

  • Effective property tax rate: 0.89%
  • Median home value: $169,600
  • Median real estate tax paid: $1,508

The three counties in Kentucky with the highest effective property tax rates are Campbell County (1.24%), Greenup County (1.19%), and Kenton County (1.16%). The Kentucky counties with the lowest effective property tax rates are Carter and Grayson Counties (0.60%) and Casey County (0.61%).

Louisiana property tax

  • Effective property tax rate: 0.62%
  • Median home value: $196,000
  • Median real estate tax paid: $1,223

The three parishes in Louisiana with the highest effective property tax rates are Orleans Parish (0.87%), St. Tammany Parish (0.80%), and Caddo Parish (0.79%). The Louisiana parishes with the lowest effective property tax rates are East Feliciana Parish (0.15%), Catahoula Parish (0.22%), and West Carroll Parish (0.25%).

Maine property tax

  • Effective property tax rate: 1.29%
  • Median home value: $223,100
  • Median real estate tax paid: $2,868

The three counties in Maine with the highest effective property tax rates are Androscoggin County (1.54%), Penobscot County (1.48%), and Knox County (1.42%). The Maine counties with the lowest effective property tax rates are Hanco*ck County (1.05%), Lincoln County (1.09%), and Piscataquis County (1.12%).

Maryland property tax

  • Effective property tax rate: 1.07%
  • Median home value: $346,500
  • Median real estate tax paid: $3,709

The three counties in Maryland with the highest effective property tax rates are Howard County (1.29%), Prince George's County (1.24%), and Baltimore County (1.19%). The effective property tax rate of Baltimore city, which is reported separately, is 1.63%. The Maryland counties with the lowest effective property tax rates are Talbot County (0.72%), Worcester County (0.82%), and Queen Anne's County (0.86%).

Massachusetts property tax

  • Effective property tax rate: 1.19%
  • Median home value: $431,100
  • Median real estate tax paid: $5,113

The three counties in Massachusetts with the highest effective property tax rates are Franklin County (1.66%), Hampden County (1.65%), and Hampshire County (1.59%). The Massachusetts counties with the lowest effective property tax rates are Nantucket County (0.32%), Dukes County (0.51%), and Suffolk County (0.68%).

Michigan property tax

  • Effective property tax rate: 1.45%
  • Median home value: $188,300
  • Median real estate tax paid: $2,734

The three counties in Michigan with the highest effective property tax rates are Ingham County (2.03%), Wayne County (1.82%), and Gogebic County (1.78%). The Michigan counties with the lowest effective property tax rates are Leelanau County (0.80%), Benzie County (0.88%), and Alcona County (0.92%).

Minnesota property tax

  • Effective property tax rate: 1.10%
  • Median home value: $260,500
  • Median real estate tax paid: $2,860

The three counties in Minnesota with the highest effective property tax rates are Steele County (1.29%), Ramsey County (1.28%), and Chisago County (1.26%). The Minnesota counties with the lowest effective property tax rates are Aitkin County (0.59%), Cass County (0.63%), and Rock County (0.69%).

Mississippi property tax

  • Effective property tax rate: 0.81%
  • Median home value: $159,200
  • Median real estate tax paid: $1,289

The three counties in Mississippi with the highest effective property tax rates are Humphreys County (1.78%), Quitman County (1.53%), and Leflore County (1.30%). The Mississippi counties with the lowest effective property tax rates are Amite County (0.47%), Choctaw County (0.54%), and Perry County (0.56%).

Missouri property tax

  • Effective property tax rate: 1.00%
  • Median home value: $183,900
  • Median real estate tax paid: $1,830

The three counties in Missouri with the highest effective property tax rates are Worth County (1.41%), St. Louis County (1.31%), and Putnam County (1.29%). The Missouri counties with the lowest effective property tax rates are Douglas County (0.45%) and Reynolds and Dallas Counties (0.48%).

Montana property tax

  • Effective property tax rate: 0.83%
  • Median home value: $282,200
  • Median real estate tax paid: $2,339

The three counties in Montana with the highest effective property tax rates are Liberty County (1.36%), Dawson County (1.29%), and Blaine County (1.16%). The Montana counties with the lowest effective property tax rates are Judith Basin County (0.43%), Madison County (0.49%), and Sanders County (0.53%).

Note that Petroleum and Prairie Counties don't have median home values listed in the 2021 ACS, so their effective tax rate can't be calculated from the data.

Nebraska property tax

  • Effective property tax rate: 1.70%
  • Median home value: $187,700
  • Median real estate tax paid: $3,184

The three counties in Nebraska with the highest effective property tax rates are Kimball County (2.02%), Sarpy County (1.99%), and Cheyenne County (1.98%). The Nebraska counties with the lowest effective property tax rates are Loup County (0.69%), Grant County (0.79%), and Keya Paha County (0.80%).

Nevada property tax

  • Effective property tax rate: 0.55%
  • Median home value: $325,300
  • Median real estate tax paid: $1,793

The three counties in Nevada with the highest effective property tax rates are Lincoln County (0.79%), Lander County (0.72%), and Mineral County (0.71%). The Nevada counties with the lowest effective property tax rates are Esmeralda County (0.33%), Eureka County (0.39%), and Washoe County (0.52%). Carson City has an effective property tax rate of 0.47%.

New Hampshire property tax

  • Effective property tax rate: 2.09%
  • Median home value: $297,900
  • Median real estate tax paid: $6,235

The three counties in New Hampshire with the highest effective property tax rates are Sullivan County (2.84%), Cheshire County (2.68%), and Merrimack County (2.37%). The New Hampshire counties with the lowest effective property tax rates are Carroll County (1.28%), Belknap County (1.77%), and Rockingham County (1.86%).

New Jersey property tax

  • Effective property tax rate: 2.46%
  • Median home value: $363,400
  • Median real estate tax paid: $8,928

Six counties in New Jersey (Bergen, Essex, Hunterdon, Morris, Passaic, and Union Counties) have a median real estate tax paid of "$10,000+" in the American Community Survey, making New Jersey's county-level property taxes difficult to calculate exactly. What's certain is that these counties pay some of the highest total property taxes in the country.

For the following statistics, we've used $10,000 as the median real estate tax paid in these counties (but this likely underestimates the effective rate, possibly by a substantial margin).

The three counties in New Jersey with the highest effective property tax rates are Camden County (3.45%), Salem County (3.25%), and Gloucester County (3.09%). The New Jersey counties with the lowest effective property tax rates are Cape May County (1.54%), Hudson County (1.97%), and Bergen County (1.99%).

New Mexico property tax

  • Effective property tax rate: 0.84%
  • Median home value: $204,400
  • Median real estate tax paid: $1,721

The three counties in New Mexico with the highest effective property tax rates are McKinley County (1.18%), Bernalillo County (1.05%), and Sandoval County (0.87%). The New Mexico counties with the lowest effective property tax rates are Harding County (0.42%); De Baca County (0.44%); and Hidalgo, Taos, and Mora Counties (0.46%).

Note that the ACS does not have median home values for Catron and Guadalupe Counties.

New York property tax

  • Effective property tax rate: 1.73%
  • Median home value: $359,600
  • Median real estate tax paid: $6,217

Like New Jersey, New York has six counties (Nassau, New York, Putnam, Rockland, Suffolk, and Westchester Counties) that the ACS reports "$10,000+" for median real estate tax paid. We used $10,000 for the calculations of those counties, though this may significantly underestimate the effective tax rate (especially for New York county, where the median home value is $1,029,900).

The three counties in New York with the highest effective property tax rates are Allegany County (3.48%), Orleans County (3.21%), and Monroe County (3.16%). The New York counties with the lowest effective property tax rates are Kings County (0.66%), Queens County (0.86%), and Richmond County (0.83%).

North Carolina property tax

  • Effective property tax rate: 0.80%
  • Median home value: $220,000
  • Median real estate tax paid: $1,765

The three counties in North Carolina with the highest effective property tax rates are Washington and Edgecombe Counties (1.20%) and Scotland County (1.15%). The North Carolina counties with the lowest effective property tax rates are Jackson County (0.38%) and Clay and Swain Counties (0.42%).

Note that the ACS does not have median real estate tax paid for Hyde County.

North Dakota property tax

  • Effective property tax rate: 1.02%
  • Median home value: $233,300
  • Median real estate tax paid: $2,378

The three counties in North Dakota with the highest effective property tax rates are Stutsman County (1.25%), Cass County (1.22%), and Ransom County (1.21%). The North Dakota counties with the lowest effective property tax rates are Slope County (0.23%), McKenzie County (0.44%), and Kidder County (0.47%).

Note that the ACS does not have median real estate tax paid for Sioux County.

Ohio property tax

  • Effective property tax rate: 1.57%
  • Median home value: $169,200
  • Median real estate tax paid: $2,658

The three counties in Ohio with the highest effective property tax rates are Cuyahoga County (2.31%), Montgomery County (2.07%), and Lucas County (1.98%). The Ohio counties with the lowest effective property tax rates are Noble County (0.88%), Wyandot County (0.89%), and Monroe County (0.90%).

Oklahoma property tax

  • Effective property tax rate: 0.99%
  • Median home value: $164,500
  • Median real estate tax paid: $1,623

The three counties in Oklahoma with the highest effective property tax rates are Cleveland County (1.21%), Tulsa County (1.15%), and Oklahoma County (1.12%). The Oklahoma counties with the lowest effective property tax rates are Roger Mills County (0.51%) and Pushmataha and McCurtain Counties (0.53%).

Oregon property tax

  • Effective property tax rate: 0.92%
  • Median home value: $373,900
  • Median real estate tax paid: $3,457

The three counties in Oregon with the highest effective property tax rates are Harney County (1.18%), Malheur County (1.10%), and Umatilla County (1.08%). The Oregon counties with the lowest effective property tax rates are Curry County (0.58%), Josephine County (0.59%), and Tillamook County (0.62%).

Pennsylvania property tax

  • Effective property tax rate: 1.56%
  • Median home value: $215,300
  • Median real estate tax paid: $3,352

The three counties in Pennsylvania with the highest effective property tax rates are Monroe County (2.32%), Delaware County (2.15%), and Berks County (2.00%). The Pennsylvania counties with the lowest effective property tax rates are Bedford County (0.83%), Philadelphia County (0.94%), and Huntingdon County (0.99%).

Rhode Island property tax

  • Effective property tax rate: 1.54%
  • Median home value: $293,100
  • Median real estate tax paid: $4,526

The five counties in Rhode Island have the following effective property tax rates: 1.72% in Kent County, 1.63% in Bristol County, 1.62% in Providence County, 1.21% in Washington County, and 1.14% in Newport County.

South Carolina property tax

  • Effective property tax rate: 0.58%
  • Median home value: $207,400
  • Median real estate tax paid: $1,213

The three counties in South Carolina with the highest effective property tax rates are Hampton County (0.96%), Williamsburg County (0.82%), and Richland County (0.81%). The South Carolina counties with the lowest effective property tax rates are Horry County (0.37%) and Charleston, Florence, and Darlington Counties (0.46%).

South Dakota property tax

  • Effective property tax rate: 1.22%
  • Median home value: $207,700
  • Median real estate tax paid: $2,528

The three counties in South Dakota with the highest effective property tax rates are Todd County (2.38%), Mellette County (2.00%), and Bennett County (1.67%). The South Dakota counties with the lowest effective property tax rates are Ziebach County (0.56%) and Marshall and Custer Counties (0.82%).

Note that the ACS does not have median real estate tax paid for Buffalo, Jackson, or Ogalala Counties or median home value for Buffalo County.

Tennessee property tax

  • Effective property tax rate: 0.65%
  • Median home value: $211,700
  • Median real estate tax paid: $1,376

The three counties in Tennessee with the highest effective property tax rates are Shelby County (1.25%), Montgomery County (0.81%), and Gibson County (0.80%). The Tennessee counties with the lowest effective property tax rates are Sevier County (0.37%) and Cumberland and DeKalb Counties (0.38%).

Texas property taxes

  • Effective property tax rate: 1.90%
  • Median home value: $232,000
  • Median real estate tax paid: $4,399

The three counties in Texas with the highest effective property tax rates are Mitchell County (2.72%), Sherman County (2.51%), and El Paso County (2.42%). The Texas counties with the lowest effective property tax rates are Glassco*ck County (0.16%), Ward County (0.37%), and Leon County (0.72%).

Note that the ACS does include median real estate tax paid for Crockett, Culberson, Dimmit, Kenedy, King, LaSalle, Loving, McMullen, Sterling, or Zavala Counties. Also not included are median home values for Dimmit, Kenedy, Kent, King, or Loving Counties.

Utah property tax

  • Effective property tax rate: 0.57%
  • Median home value: $345,300
  • Median real estate tax paid: $1,972

The three counties in Utah with the highest effective property tax rates are duch*esne County (0.73%), Carbon County (0.70%), and Sevier and Weber Counties (0.67%). The Utah counties with the lowest effective property tax rates are Summit County (0.38%) and Garfield and Rich Counties (0.40%).

Vermont property tax

  • Effective property tax rate: 1.89%
  • Median home value: $248,700
  • Median real estate tax paid: $4,706

The three counties in Vermont with the highest effective property tax rates are Rutland County (2.15%), Windham County (2.13%), and Windsor County (2.11%). The Vermont counties with the lowest effective property tax rates are Grand Isle County (1.62%), Franklin County (1.69%), and Chittenden County (1.80%).

Virginia property tax

  • Effective property tax rate: 0.83%
  • Median home value: $321,200
  • Median real estate tax paid: $2,656

Virginia has 38 independent cities that are considered equivalent to counties for census data. We've treated them as counties here. In general, though not in every case, the cities' effective tax rates are higher than the counties'.

The three cities in Virginia with the highest effective property tax rates are Manassas Park city (1.24%), Portsmouth city (1.17%), and Roanoke city (1.15%). The Virginia counties with the lowest effective property tax rates are Craig County (0.38%), Buchanan County (0.45%), and Nottoway County (0.46%).

Note that Falls Church city's real estate tax paid isn't captured accurately by the American Community Survey (it lists only "$10,000+" for median real estate tax paid) so its effective tax rate of 1.12% on a median home value of $895,300 may be significantly lower than the actual effective rate.

Washington property tax

  • Effective property tax rate: 0.93%
  • Median home value: $414,300
  • Median real estate tax paid: $3,841

The three counties in Washington with the highest effective property tax rates are Pierce County (1.04%), Walla Walla County (1.03%), and Grant County (1.02%). The Washington counties with the lowest effective property tax rates are Wahkiakum County (0.62%) and Pend Oreille and San Juan Counties (0.63%).

Related retirement topics

8 Strategies to Save for RetirementYou know you need to save for retirement. Here are some strategiess.
How Much Money Should I Have Saved by 40?Just turned 40 and haven't saved the recommended $175,000. Don't panic. We're here to help.
When Can I Retire?Retire when your income stream can support you comfortably -- and when you're tired of working.
How Much Do I Need to Retire?The end of work doesn't mean the bills stop. How much should you save for a great retirement?

West Virginia property tax

  • Effective property tax rate: 0.59%
  • Median home value: $156,000
  • Median real estate tax paid: $916

The three counties in West Virginia with the highest effective property tax rates are Wetzel County (0.81%), Hanco*ck County (0.78%), and Cabell County (0.75%). The West Virginia counties with the lowest effective property tax rates are Pocahontas County (0.30%), Roane County (0.34%), and Summers County (0.36%).

Wisconsin property tax

  • Effective property tax rate: 1.71%
  • Median home value: $208,900
  • Median real estate tax paid: $3,570

The three counties in Wisconsin with the highest effective property tax rates are Milwaukee County (2.34%), Menominee County (2.32%), and Rock County (1.97%). The Wisconsin counties with the lowest effective property tax rates are Vilas County (0.82%), Sawyer County (0.96%), and Oneida County (1.05%).

Wyoming property tax

  • Effective tax rate: 0.61%
  • Median home value: $247,600
  • Median real estate tax paid: $1,501

The three counties in Wyoming with the highest effective property tax rates are Washakie County (0.71%), Platte County (0.70%), and Goshen County (0.69%). The Wyoming counties with the lowest effective property tax rates are Sublette County (0.44%), Teton County (0.45%), and Lincoln County (0.50%).

FAQs

FAQs

Highest property taxes by state

When it comes to dollar amounts, New Jersey ($8,928), Connecticut ($6,251), New Hampshire ($6,235), New York ($6,217), and Illinois ($5,213) have the highest median property taxes.

If you're looking at the highest effective tax rates, however, you'll find that New Jersey (2.46%), Illinois (2.29%), Connecticut (2.16%), New Hampshire (2.09%), and Texas (1.90%) top the list.

Lowest property taxes by state

By median real estate taxes paid in absolute dollars, Alabama ($742), West Virginia ($916), Arkansas ($1,031), South Carolina ($1,213), and Louisiana ($1,223) have the lowest property taxes.

When ranking by the lowest effective tax rates, the list looks like this: Hawaii (0.29%), Alabama (0.43%), Colorado (0.52%), Nevada (0.55%), and Utah (0.57%).

States with no property tax

As of early 2023, there are no states without property taxes. There are some small exceptions, though, such as Alaska. Much of the landmass of the state has no property tax, largely because of its sparse population.

Planning for property taxes

Understanding your likely property tax burden can be important if you're looking for the best state to retire to or just considering a move somewhere else in the country. The above figures are generalizations, but can help you get an idea of what most people pay.

And if you're looking at property taxes by state as part of your retirement planning, be sure to check out Rule Your Retirement for tips on taxes, saving strategies, investing, and more.

Sources

The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over Half a Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More

Get Started Now

HOW THE MOTLEY FOOL CAN HELP YOU

  • Icon-GuidancePremium Investing GuidanceMarket beating stocks from our award-winning service
  • The Daily Upside Newsletter

    Investment news and high-quality insights delivered straight to your inbox

  • Icon-InvestingGet Started InvestingYou can do it. Successful investing in just a few steps
  • Icon-RetirementWin at RetirementSecrets and strategies for the post-work life you want.
  • Icon-BrokerFind a BrokerFind the right brokerage account for you.
  • Icon-PodcastListen to our PodcastsHear our experts take on stocks, the market, and how to invest.

Motley Fool Returns

Property Taxes by State in 2024: Highest to Lowest | The Motley Fool (2)

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns

619%

S&P 500 Returns

148%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 04/26/2024.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Join Stock Advisor

Cumulative Growth of a $10,000 Investment in Stock Advisor

Calculated by Time-Weighted Return since 2002. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns.

Property Taxes by State in 2024: Highest to Lowest | The Motley Fool (3)

Our Guides

Study: 42% of Parents Aren't Teaching Their Kids to Invest Long-TermStock Performance in Every Recession Since 1980The State of LGBTQ Finance: A Survey of 2,000 AmericansESG, SRI, Impact Investing: What Are They, How to Get Started, and How Funds Have PerformedState of Streaming 2024: Streaming Services and Consumer SentimentAn Introduction to Digital Real Estate in the MetaverseAverage Net Worth by Age, Education, and RaceStudy: Men Are 4x More Likely Than Women to Have Secret Crypto AccountsStudy: The Importance of Diverse Investing Role ModelsAre Alternative Investments the Best Inflation Hedge? Here's the DataThe Best and Worst States to Retire in 2024Thinking of Changing Careers? Here's Who's Hiring NowTim Cook Owns Cryptocurrency -- So Do 68% of American MillionairesHow Many Americans Own Stock? About 158 Million -- But the Wealthiest 1% Own More Than HalfHere's Why 20% of Americans Have Changed Careers Since the Pandemic BeganWhich Jobs Will Be Automated in the Next 10 Years?Estate and Inheritance Taxes by State in 2023Kevin O'Leary Is Concerned About Leaving Too Large an Inheritance -- So Are Two-Thirds of High-Net-Worth IndividualsAlternative Investments of the Ultra-Wealthy in 2023High-Net-Worth Individuals Gave $5.8 Billion to COVID-19 Philanthropy in 2020Study: Crypto and Investment Scams Skyrocket in 2021 and 2022Study: How Gen Z and Millennial Investors Think About RiskWhat Is the Average Retirement Savings in the U.S.?Study: What Are Gen Z and Millennial Investors Buying in 2024?Gen Z and Millennial Investors: Ranking the Most Used, Trusted Investing ToolsCapital Gains Tax: Everything You Need to KnowPoll: How Did Investors Deal With Market Volatility in 2020?Marijuana Tax Revenue by StatePoll: How Well Did Meme Stock Investors Understand What Was Happening?Investing for Women: What You Should KnowStudy: Do Landlords Actually Know What Renters Want?Commercial Real Estate Investing Statistics for 2023Trends in Real Estate Investing Scams and FraudThe House Flipping Statistics Investors Should Know in 2024Study: How Diverse is the Real Estate Investing Community?REITs vs. Stocks: Everything You Need to KnowStudy: Most Americans Understand Investing Basics But Struggle With Some SpecificsAre Stock Splits Good? Here's the DataStudy: Cost-of-Living Adjustment Not Enough for RetireesElder Fraud and Financial Abuse Statistics for 2022Which States Produce the Most Renewable Energy?This Is the Average Income for Retirees in AmericaSurvey: Investors Embrace Renewables, Not Ready to Let Go of Fossil FuelsConsumer and Industry Outlooks on Electric VehiclesStudy: First-Generation Americans Face Unique Financial ObstaclesThe Largest Companies by Market Cap in 2024What Is the Average Retirement Age in the U.S.?Survey: Americans Are Skeptical of ChatGPT’s Stock RecommendationsStudent Loan Debt Statistics in 2023The Largest EV Companies in 2023The Largest Target Date FundsHere’s How Many Tesla Superchargers Are in All 50 StatesThe Biggest Sports Betting CompaniesSports Betting Tax Revenue by StateThe Fastest-Growing Energy SourcesCongressional Stock Trading: Who Trades and Makes the MostThese Are Billionaires’ Favorite Tech StocksThese Are Billionaires’ Favorite Energy Stocks

Property Taxes by State in 2024: Highest to Lowest | The Motley Fool (2024)

FAQs

What is the most tax-friendly state to live in? ›

1. Wyoming. Wyoming is considered to be very tax-friendly towards retirees. There is no state income tax in Wyoming, which means that residents do not pay state taxes on distributions from retirement plan accounts, public or private pension payments or Social Security benefits.

What state has the best property taxes? ›

What states have the lowest property taxes 2024?
  • Hawaii. Average Effective Property Tax Rate: 0.29% Annual Taxes On a Median-Priced Home: $1,915.
  • Alabama. Average Effective Property Tax Rate: 0.43% ...
  • Colorado. Average Effective Property Tax Rate: 0.52% ...
  • Nevada. Average Effective Property Tax Rate: 0.55% ...
  • Utah.
Mar 31, 2024

Which state has the lowest property tax for seniors? ›

Alabama, Alaska, Florida, Georgia, Mississippi, and South Dakota stand out as states with no property taxes for seniors aged 65 and above. Alabama exempts seniors entirely, while Alaska offers a $150,000 exemption. Florida provides benefits for retirees, including property tax exemptions.

What state has the lowest overall tax burden? ›

  • Alaska. #1 in Low Tax Burden. #45 in Best States Overall. ...
  • Florida. #2 in Low Tax Burden. #9 in Best States Overall. ...
  • South Dakota. #3 in Low Tax Burden. ...
  • Wyoming. #4 in Low Tax Burden. ...
  • Tennessee. #5 in Low Tax Burden. ...
  • New Hampshire. #6 in Low Tax Burden. ...
  • Texas. #7 in Low Tax Burden. ...
  • Oklahoma. #8 in Low Tax Burden.

What is the best state to retire in 2024 for taxes? ›

For those of us who want to retire in the U.S., there are nine states that have no state income taxes: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming.

What state has the highest taxes in 2024? ›

California has the highest individual income tax burden, while seven states (including Texas, Florida and Washington) have the lowest. Washington has the highest sales and excise tax burden, while New Hampshire has the lowest. Red states have a lower tax burden than blue states, on average.

What state has the cheapest property tax to live? ›

States With the Lowest Property Taxes in 2024
  • Hawaii has the lowest property tax rate in the U.S. at 0.29%. ...
  • Alabama is generally one of the more affordable states in the country. ...
  • Colorado has the third-lowest property tax rate at 0.51%. ...
  • Nevada has the fourth-lowest property tax rate in the nation (0.55%).
Dec 21, 2023

Which state has no property tax in the USA? ›

Sadly for investors, the answer is no, there are no states without property tax. This is because property tax is a useful way for local governments to fund public services such as schools, fire and police departments, infrastructure and libraries.

Which state has the worst estate tax? ›

Washington has the highest estate tax at 20%, which is applied to the portion of an estate's value greater than $11,193,000. Inheritance tax rates depend on the beneficiary's relation to the deceased, and, in each state, certain types of relationships are exempt from inheritance tax.

What is the best state to retire to avoid taxes? ›

Some states do not tax Social Security or income, which could appeal to retirees. Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington and Wyoming stand out for their tax-friendly policies and other amenities that retirees may enjoy.

What is the best state to retire financially? ›

A: The best state to retire in 2024 is sunny Florida, according to WalletHub, thanks to its relative affordability and high quality of life for seniors. That's followed by Colorado, Virginia, and Delaware.

What state is worse for taxes? ›

States with the heaviest tax burden:

New York: 12.47% Hawaii: 2.31% Maine: 11.14% Vermont: 10.28%

What is the most heavily taxed state in the US? ›

In fact, the states with the highest tax in the U.S. in 2021 are:
  • California (13.3%)
  • Hawaii (11%)
  • New Jersey (10.75%)
  • Oregon (9.9%)
  • Minnesota (9.85%)
  • District of Columbia (8.95%)
  • New York (8.82%)
  • Vermont (8.75%)

What are the best states to live in without taxes? ›

Which Are the Tax-Free States? Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming are the only states that do not levy a state income tax. Note that Washington does levy a state capital gains tax on certain high earners.

What states are best to avoid taxes? ›

Which Are the Tax-Free States? Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming are the only states that do not levy a state income tax. Note that Washington does levy a state capital gains tax on certain high earners.

What is the best state to live in financially? ›

5 Best States To Live In If You Want To Get Rich
  • Texas. Texas has no state income tax for individuals, although property taxes tend to be higher than average. ...
  • Kansas. ...
  • Minnesota. ...
  • Colorado. ...
  • Oklahoma.
Mar 4, 2024

Which state has the lowest cost of living? ›

To determine which states are the most affordable, the research team at USA TODAY Homefront looked at the cost of living by state. Utah came out on top as the most affordable state, thanks to manageable health care costs. On the other hand, the high homeownership costs landed New York as the least affordable state.

Which state is the best tax haven? ›

The words “tax haven” typically invoke visions of far-off tropical hideaways like Panama, Bermuda and the Caymans. But one of the world's biggest tax havens actually sits within the bounds of mainland USA: the tiny, tax-free state of Delaware.

Top Articles
Latest Posts
Article information

Author: Moshe Kshlerin

Last Updated:

Views: 5832

Rating: 4.7 / 5 (57 voted)

Reviews: 88% of readers found this page helpful

Author information

Name: Moshe Kshlerin

Birthday: 1994-01-25

Address: Suite 609 315 Lupita Unions, Ronnieburgh, MI 62697

Phone: +2424755286529

Job: District Education Designer

Hobby: Yoga, Gunsmithing, Singing, 3D printing, Nordic skating, Soapmaking, Juggling

Introduction: My name is Moshe Kshlerin, I am a gleaming, attractive, outstanding, pleasant, delightful, outstanding, famous person who loves writing and wants to share my knowledge and understanding with you.