High Property Taxes: Ranking Each State (2022)

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Property taxes can vary greatly from state to state. WalletHub has broken down how much you can expect to pay in each state.

Each year, the average American household spends $2,471 on real-estate property taxes.

To find out who pays the most relative to their state, the personal-finance website WalletHub released its 2022 Property Taxes by State report.


Real-Estate Property Tax Rates by State

Rank
(1=Lowest)
 
State Effective Real-Estate Tax Rate  Annual Taxes on $217.5K Home*  State Median Home Value  Annual Taxes on Home Priced at State Median Value 
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
*$217,500 is the median home value in the U.S. as of 2019, the year of the most recent available data.

Hawaii has the lowest real-estate property taxes, according to WalletHub’s 2022 Property Taxes by State Report.

Key Property Taxes Stats

  • Hawaii has the lowest real-estate tax, $606, which is 8.9 times lower than in New Jersey, the state with the highest at $5,419. 
  • Blue States have 31.12 percent higher real-estate property taxes, averaging $2,722, than Red States, averaging $2,076.

Methodology

To determine the states with the highest and lowest property taxes, WalletHub compared the 50 states and the District of Columbia by using U.S. Census Bureau data to determine real-estate property tax rates.

To view the full report and your state’s rank, visit wallethub.com.


Further Reading

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