The average amount people pay in property taxes in every US state

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The average amount people pay in property taxes in every US state

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  • New data from WalletHub shows the amount a typical homeowner will pay in property taxes in all 50 states, ranging from about $560 a year in Alabama to about $7,800 a year in New Jersey.
  • Some of the states with higher property taxes are ones with much higher costs of living. States in New England and the Northeast took seven of the top 10 spots.
  • However, there are some surprising states in the top 10 most expensive states for property taxes - both Illinois and Wisconsin made the top 10 with median home values under $200,000.
  • The states with the lowest property taxes also tend to be states with low costs of living, including Alabama, West Virginia, and Arkansas.
  • Visit Business Insider's homepage for more stories.

Homeownership looks very different across the US, and varying property taxes in each state can be a big part of that.

According to new data from WalletHub, property taxes can range from a modest $560 a year in Alabama to an extreme $7,800 per year in New Jersey, Americans can see big differences in their home values, tax rates, and, in turn, the property taxes they pay each year, depending on where they live.

WalletHub compiled data from US Census Bureau for each state's median real estate tax payment and median home price. The state tax rate was found by dividing the median tax payment by home price.

The typical US homeowner pays about $2,279 in property taxes, according to WalletHub's data. But, for residents of some states, that typical amount could be half of what their tax bill actually looks like. Here's what the typical homeowner in every US state pays in property taxes each year.

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51. Alabama

51. Alabama

Alabama has the lowest property taxes in the US.

Property tax rate: 0.42%

Median property value: $132,100

Annual tax on the median-valued property: $558

50. West Virginia

50. West Virginia

West Virginia has some seriously low tax rates, and low median home values to match.

Property tax rate: 0.59%

Median property value: $111,600

Annual tax on the median-valued property: $653

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49. Arkansas

49. Arkansas

Arkansas is a pretty affordable state to live in, and low property taxes are a big help.

Property tax rate: 0.63%

Median property value: $118,500

Annual tax on the median-valued property: $743

48. Louisiana

48. Louisiana

Louisiana residents will face a fairly modest property tax rate, and a small payment of $795.

Property tax rate: 0.52%

Median property value: $152,900

Annual tax on the median-valued property: $795

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47. South Carolina

47. South Carolina

With low property taxes and relatively nice weather year-round, South Carolina is a fairly affordable option for coastal living.

Property tax rate: 0.57%

Median property value: $148,600

Annual tax on the median-valued property: $851

46. Mississippi

46. Mississippi

Mississippi offers residents low property values in addition to tax rates below 1%.

Property tax rate: 0.80%

Median property value: $109,300

Annual tax on the median-valued property: $879

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45. Kentucky

45. Kentucky

Kentucky's low tax rates make it an affordable place to own property.

Property tax rate: 0.86%

Median property value: $130,000

Annual tax on the median-valued property: $1,120

44. Tennessee

44. Tennessee

Tennessee is a fairly affordable place to own land, and it ties with Kentucky for annual taxes on a median value house.

Property tax rate: 0.74%

Median property value: $151,700

Annual tax on the median-valued property: $1,120

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43. Oklahoma

43. Oklahoma

Oklahoma's tax rates are relatively high compared to others this low in the ranking, but affordable property values keep the annual tax owed down considerably.

Property tax rate: 0.90%

Median property value: $125,800

Annual tax on the median-valued property: $1,129

42. Indiana

42. Indiana

Indiana is a pretty affordable place to own property, with a tax rate well below 1%.

Property tax rate: 0.87%

Median property value: $130,200

Annual tax on the median-valued property: $1,130

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41. Wyoming

41. Wyoming

While tax rates in Wyoming are fairly low, property rates are higher, putting it at a much higher spot on the list.

Property tax rate: 0.61%

Median property value: $204,900

Annual tax on the median-valued property: $1,256

40. New Mexico

40. New Mexico

New Mexico is fairly affordable, and offers residents some affordable tax rates.

Property tax rate: 0.78%

Median property value: $163,900

Annual tax on the median-valued property: $1,272

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39. Idaho

39. Idaho

The property taxes in Idaho are fairly low, though property values are higher than many other states this low on the list.

Property tax rate: 0.75%

Median property value: $176,800

Annual tax on the median-valued property: $1,272

38. Delaware

38. Delaware

Delaware might have very low tax rates, but high property values make annual taxes on the median property higher than in other states.

Property tax rate: 0.56%

Median property value: $238,600

Annual tax on the median-valued property: $1,329

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37. North Carolina

37. North Carolina

North Carolina is a fairly affordable place to own property.

Property tax rate: 0.86%

Median property value: $161,000

Annual tax on the median-valued property: $1,378

36. Arizona

36. Arizona

Arizona's high property values are high, but tax rates aren't too high.

Property tax rate: 0.72%

Median property value: $193,200

Annual tax on the median-valued property: $1,398

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35. Missouri

35. Missouri

Missouri's tax rate is very close to 1%, but property values there aren't very high.

Property tax rate: 0.99%

Median property value: $145,400

Annual tax on the median-valued property: $1,435

34. Georgia

34. Georgia

A million dollars could get you quite a bit of house in Georgia, but with a 0.91% tax rate, you'll pay for it in taxes.

Property tax rate: 0.91%

Median property value: $158,400

Annual tax on the median-valued property: $1,448

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33. Nevada

33. Nevada

Nevada's property values are high, but low taxes help to keep it affordable.

Property tax rate: 0.69%

Median property value: $216,400

Annual tax on the median-valued property: $1,331

32. Hawaii

32. Hawaii

Property isn't cheap in Hawaii — with median values at over $500,000, it's not super affordable. But, Hawaiians have the lowest tax rates in the US.

Property tax rate: 0.27%

Median property value: $563,900

Annual tax on the median-valued property: $1,529

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31. Colorado

31. Colorado

Colorado offers residents a choice of big cities and more rural, mountain living, but both come with a pretty low tax rate in this state.

Property tax rate: 0.55%

Median property value: $286,100

Annual tax on the median-valued property: $1,575

30. Utah

30. Utah

Median property values above $200,000 make Utah expensive, but low tax rates are helpful.

Property tax rate: 0.66%

Median property value: $238,300

Annual tax on the median-valued property: $1,576

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29. Florida

29. Florida

Florida falls somewhere in the middle when it comes to property taxes and home values.

Property tax rate: 0.98%

Median property value: $178,700

Annual tax on the median-valued property: $1,752

28. Montana

28. Montana

Montana has median home values at over the $200,000 mark, but relatively low property taxes.

Property tax rate: 0.42%

Median property value: $132,100

Annual tax on the median-valued property: $558

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27. North Dakota

27. North Dakota

North Dakota comes in at the middle of the list, with tax rates over 1% and median home values higher than many other Midwestern states.

Property tax rate: 1.01%

Median property value: $174,100

Annual tax on the median-valued property: $1,765

26. Kansas

26. Kansas

Kansas residents pay higher tax rates than many of the states lower on this list, but median home values are much lower than many of those states.

Property tax rate: 1.40%

Median property value: $139,200

Annual tax on the median-valued property: $1,952

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25. South Dakota

25. South Dakota

South Dakota's high tax rate makes up for the fact that median home values are affordable.

Property tax rate: 1.32%

Median property value: $152,700

Annual tax on the median-valued property: $2,012

24. Virginia

24. Virginia

Virginia has a pretty average tax rate, but high home values will cost Virginia homeowners more than most states.

Property tax rate: 0.80%

Median property value: $255,800

Annual tax on the median-valued property: $2,049

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23. Iowa

23. Iowa

The typical Iowan will pay a higher rate than most Americans.

Property tax rate: 1.53%

Median property value: $137,200

Annual tax on the median-valued property: $2,099

22. Ohio

22. Ohio

Even with relatively low median home values, Ohio's tax rate over 1.50% puts it in the top 20 most expensive states for property taxes.

Property tax rate: 1.57%

Median property value: $137,200

Annual tax on the median-valued property: $2,099

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21. Michigan

21. Michigan

With higher taxes and home values than its southern neighbor, Ohio, Michigan residents will pay a bit more.

Property tax rate: 1.64%

Median property value: $136,400

Annual tax on the median-valued property: $2,124

20. Minnesota

20. Minnesota

Minnesota residents will pay more than residents of neighboring states like North Dakota, South Dakota, and Iowa, thanks to higher home prices.

Property tax rate: 1.15%

Median property value: $199,700

Annual tax on the median-valued property: $2,225

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19. Maine

19. Maine

High taxes in Maine mean that residents will pay a good amount for property tax.

Property tax rate: 1.35%

Median property value: $179,900

Annual tax on the median-valued property: $2,435

18. Nebraska

18. Nebraska

Nebraska's taxes are fairly high, meaning that residents will pay over $2,500 in taxes each year.

Property tax rate: 1.80%

Median property value: $142,400

Annual tax on the median-valued property: $2,565

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17. Pennsylvania

17. Pennsylvania

Home values in Pennsylvania are a little bit higher than the median. But, high tax rates leave Pennsylvanians paying about $2,700 a year in property tax.

Property tax rate: 1.58%

Median property value: $170,500

Annual tax on the median-valued property: $2,691

16. Oregon

16. Oregon

Oregon's high tax rates and high home costs have Oregon residents paying just over $2,700 each year in property taxes alone.

Property tax rate: 1.04%

Median property value: $265,700

Annual tax on the median-valued property: $2,755

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15. Texas

15. Texas

Texas doesn't have too high of a median home value, but high tax rates mean that the typical Texan will pay quite a bit in property taxes.

Property tax rate: 1.83%

Median property value: $151,500

Annual tax on the median-valued property: $2,775

14. Washington DC

14. Washington DC

The median property value in the US capital is $537,400, but low taxes mean that the typical DC resident will pay about $2,900 in property taxes.

Property tax rate: 0.55%

Median property value: $537,400

Annual tax on the median-valued property: $2,930

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13. Washington

13. Washington

Washington has fairly high tax rates, and high median home values, too.

Property tax rate: 1.03%

Median property value: $286,800

Annual tax on the median-valued property: $2,958

12. Alaska

12. Alaska

The typical Alaskan homeowner will spend over $3,100 in property taxes each year.

Property tax rate: 1.19%

Median property value: $261,900

Annual tax on the median-valued property: $3,117

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11. Maryland

11. Maryland

With median home prices at nearly $300,000, Maryland makes the top 10 states for highest property taxes.

Property tax rate: 1.10%

Median property value: $296,500

Annual tax on the median-valued property: $3,257

10. Wisconsin

10. Wisconsin

Wisconsin residents pay close to 2% in property taxes, putting it in the top 10 states in the US with the highest property taxes.

Property tax rate: 1.94%

Median property value: $169,300

Annual tax on the median-valued property: $3,286

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9. California

9. California

With the third-highest median home values in the US, it's not shocking to see California near the top of the list.

Property tax rate: 0.77%

Median property value: $443,400

Annual tax on the median-valued property: $3,141

8. Rhode Island

8. Rhode Island

The typical Rhode Islander will pay over $4,000 a year in property taxes.

Property tax rate: 0.77%

Median property value: $242,200

Annual tax on the median-valued property: $4,013

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7. Vermont

7. Vermont

The typical Vermonter will have a home half the value of the typical Californian, but will pay about $600 more in property tax each year than a Californian. Thank property taxes near 2% for that.

Property tax rate: 1.83%

Median property value: $220,600

Annual tax on the median-valued property: $4,040

6. Illinois

6. Illinois

Illinois homeowners will pay the second-highest property tax in the US at 2.31%.

Property tax rate: 2.31%

Median property value: $179,700

Annual tax on the median-valued property: $4,157

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5. Massachusetts

5. Massachusetts

The typical Massachusetts homeowner will shell out over $4,300 each year for property taxes.

Property tax rate: 1.22%

Median property value: $352,600

Annual tax on the median-valued property: $4,309

4. New York

4. New York

New Yorkers' typically high home values make a typical tax rate turn into a nearly $5,000-per-year property tax payment.

Property tax rate: 1.68%

Median property value: $293,000

Annual tax on the median-valued property: $4,915

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3. New Hampshire

3. New Hampshire

New Hampshire residents have the third-highest property tax values, and the typical resident will pay over $5,300 each year in property taxes.

Property tax rate: 2.20%

Median property value: $244,900

Annual tax on the median-valued property: $5,388

2. Connecticut

2. Connecticut

High tax rates and a high median home value makes property taxes in Connecticut rather expensive.

Property tax rate: 2.07%

Median property value: $270,000

Annual tax on the median-valued property: $5,582

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1. New Jersey

1. New Jersey

The typical New Jersey homeowner will face about $7,800 each year, making it the most expensive state for property taxes in the US.

Property tax rate: 2.44%

Median property value: $321,100

Annual tax on the median-valued property: $7,840

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