2016’s Property Taxes by State

Property taxes are insignificant to some and the bane of others’ existence. The average American household spends $2,127 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 $412. 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 32 percent of people who rent their homes, 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 leading property-tax experts for insights both practical and political.

Source: WalletHub

Rank	State	Effective Real-Estate Tax Rate	Annual Taxes on $176K Home*	State Median Home Value	Annual Taxes on Home Priced at State Median Value
1	Hawaii	0.28%	$489	$504,500	$1,405
2	Alabama	0.43%	$764	$123,800	$538
3	Louisiana	0.48%	$841	$140,400	$672
4	Delaware	0.53%	$929	$232,900	$1,231
T-5	District of Columbia	0.57%	$1,005	$454,500	$2,601
T-5	South Carolina	0.57%	$1,009	$137,600	$790
7	West Virginia	0.59%	$1,035	$100,200	$590
T-8	Arkansas	0.62%	$1,088	$108,700	$673
T-8	Colorado	0.62%	$1,097	$239,400	$1,495
T-8	Wyoming	0.62%	$1,094	$189,300	$1,179
11	Utah	0.69%	$1,210	$212,500	$1,463
12	New Mexico	0.72%	$1,273	$159,300	$1,154
13	Tennessee	0.75%	$1,314	$139,900	$1,046
14	Idaho	0.77%	$1,354	$160,500	$1,237
15	Mississippi	0.78%	$1,377	$100,800	$790
16	Virginia	0.80%	$1,401	$243,500	$1,941
17	California	0.81%	$1,429	$371,400	$3,021
T-18	Kentucky	0.84%	$1,471	$121,600	$1,018
T-18	Arizona	0.84%	$1,484	$162,900	$1,376
20	North Carolina	0.85%	$1,502	$153,600	$1,313
T-21	Oklahoma	0.87%	$1,525	$115,000	$998
T-21	Montana	0.87%	$1,528	$187,600	$1,632
23	Indiana	0.88%	$1,539	$122,700	$1,075
24	Nevada	0.92%	$1,618	$167,100	$1,539
25	Georgia	0.96%	$1,682	$148,000	$1,417
26	Missouri	1.00%	$1,763	$136,700	$1,372
T-27	Oregon	1.08%	$1,890	$234,100	$2,518
T-27	Washington	1.08%	$1,903	$257,200	$2,785
T-27	Maryland	1.08%	$1,906	$287,500	$3,118
30	Florida	1.10%	$1,932	$156,200	$1,718
31	Massachusetts	1.18%	$2,075	$329,900	$3,896
32	Minnesota	1.19%	$2,091	$185,200	$2,204
33	Alaska	1.21%	$2,124	$246,300	$2,978
34	North Dakota	1.22%	$2,146	$142,000	$1,734
35	Maine	1.27%	$2,233	$173,600	$2,206
36	South Dakota	1.36%	$2,382	$135,700	$1,840
37	Kansas	1.41%	$2,478	$129,400	$1,825
38	Iowa	1.47%	$2,582	$126,300	$1,856
39	Pennsylvania	1.51%	$2,647	$164,900	$2,484
40	Ohio	1.55%	$2,729	$129,600	$2,013
41	New York	1.58%	$2,773	$283,700	$4,478
42	Rhode Island	1.61%	$2,829	$241,200	$3,883
43	Vermont	1.72%	$3,021	$216,200	$3,717
44	Michigan	1.83%	$3,220	$120,200	$2,203
45	Nebraska	1.88%	$3,301	$130,100	$2,444
46	Connecticut	1.91%	$3,357	$274,500	$5,244
47	Texas	1.93%	$3,392	$131,400	$2,537
48	Wisconsin	1.97%	$3,459	$165,900	$3,266
49	New Hampshire	2.10%	$3,698	$237,400	$4,996
50	Illinois	2.25%	$3,959	$175,700	$3,959
51	New Jersey	2.29%	$4,029	$319,900	$7,335

*$175,700 is the median home value in the U.S.