[ad_1]
Every year, the typical American family spends $2,471 on real-estate property taxes.
To seek out out who pays probably the most relative to their state, the personal-finance web site WalletHub launched its 2022 Property Taxes by State report.
Actual-Property Property Tax Charges by State
| Rank (1=Lowest) |
State | Efficient Actual-Property Tax Fee | Annual Taxes on $217.5K House* | State Median House Worth | Annual Taxes on House Priced at State Median Worth |
|---|---|---|---|---|---|
| 1 | Hawaii | 0.28% | $606 | $615,300 | $1,715 |
| 2 | Alabama | 0.41% | $895 | $142,700 | $587 |
| 3 | Colorado | 0.51% | $1,113 | $343,300 | $1,756 |
| 4 | Louisiana | 0.55% | $1,187 | $163,100 | $890 |
| 5 | District of Columbia | 0.56% | $1,221 | $601,500 | $3,378 |
| 6 | South Carolina | 0.57% | $1,238 | $162,300 | $924 |
| 6 | Delaware | 0.57% | $1,240 | $251,100 | $1,431 |
| 8 | West Virginia | 0.58% | $1,269 | $119,600 | $698 |
| 9 | Nevada | 0.60% | $1,310 | $267,900 | $1,614 |
| 10 | Wyoming | 0.61% | $1,319 | $220,500 | $1,337 |
| 11 | Arkansas | 0.62% | $1,358 | $127,800 | $798 |
| 12 | Utah | 0.63% | $1,362 | $279,100 | $1,748 |
| 13 | Arizona | 0.66% | $1,446 | $225,500 | $1,499 |
| 14 | Idaho | 0.69% | $1,492 | $212,300 | $1,456 |
| 15 | Tennessee | 0.71% | $1,548 | $167,200 | $1,190 |
| 16 | California | 0.76% | $1,644 | $505,000 | $3,818 |
| 17 | New Mexico | 0.80% | $1,740 | $171,400 | $1,371 |
| 18 | Mississippi | 0.81% | $1,751 | $119,000 | $958 |
| 19 | Virginia | 0.82% | $1,779 | $273,100 | $2,234 |
| 20 | Montana | 0.84% | $1,818 | $230,600 | $1,928 |
| 20 | North Carolina | 0.84% | $1,833 | $172,500 | $1,454 |
| 22 | Indiana | 0.85% | $1,853 | $141,700 | $1,207 |
| 23 | Kentucky | 0.86% | $1,866 | $141,000 | $1,210 |
| 24 | Florida | 0.89% | $1,934 | $215,300 | $1,914 |
| 25 | Oklahoma | 0.90% | $1,952 | $136,800 | $1,228 |
| 26 | Georgia | 0.92% | $2,006 | $176,000 | $1,623 |
| 27 | Missouri | 0.97% | $2,111 | $157,200 | $1,526 |
| 27 | Oregon | 0.97% | $2,116 | $312,200 | $3,037 |
| 29 | North Dakota | 0.98% | $2,138 | $193,900 | $1,906 |
| 29 | Washington | 0.98% | $2,134 | $339,000 | $3,326 |
| 31 | Maryland | 1.09% | $2,370 | $314,800 | $3,430 |
| 32 | Minnesota | 1.12% | $2,429 | $223,900 | $2,500 |
| 33 | Alaska | 1.19% | $2,599 | $270,400 | $3,231 |
| 34 | Massachusetts | 1.23% | $2,667 | $381,600 | $4,679 |
| 35 | South Dakota | 1.31% | $2,857 | $167,100 | $2,195 |
| 36 | Maine | 1.36% | $2,953 | $190,400 | $2,585 |
| 37 | Kansas | 1.41% | $3,060 | $151,900 | $2,137 |
| 38 | Michigan | 1.54% | $3,343 | $154,900 | $2,381 |
| 39 | Ohio | 1.56% | $3,390 | $145,700 | $2,271 |
| 40 | Iowa | 1.57% | $3,407 | $147,800 | $2,315 |
| 41 | Pennsylvania | 1.58% | $3,442 | $180,200 | $2,852 |
| 42 | Rhode Island | 1.63% | $3,548 | $261,900 | $4,272 |
| 43 | New York | 1.72% | $3,749 | $313,700 | $5,407 |
| 44 | Nebraska | 1.73% | $3,754 | $155,800 | $2,689 |
| 45 | Texas | 1.80% | $3,907 | $172,500 | $3,099 |
| 46 | Wisconsin | 1.85% | $4,027 | $180,600 | $3,344 |
| 47 | Vermont | 1.90% | $4,135 | $227,700 | $4,329 |
| 48 | Connecticut | 2.14% | $4,658 | $275,400 | $5,898 |
| 49 | New Hampshire | 2.18% | $4,738 | $261,700 | $5,701 |
| 50 | Illinois | 2.27% | $4,942 | $194,500 | $4,419 |
| 51 | New Jersey | 2.49% | $5,419 | $335,600 | $8,362 |
Key Property Taxes Stats
- Hawaii has the bottom real-estate tax, $606, which is 8.9 occasions decrease than in New Jersey, the state with the very best at $5,419.
- Blue States have 31.12 p.c increased real-estate property taxes, averaging $2,722, than Crimson States, averaging $2,076.
Methodology
To find out the states with the very best and lowest property taxes, WalletHub in contrast the 50 states and the District of Columbia through the use of U.S. Census Bureau information to find out real-estate property tax charges.
To view the total report and your state’s rank, go to wallethub.com.
Additional Studying
[ad_2]
Source link
