20 states with the lowest property taxes

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Property tax rates vary significantly across the country, and with a 2.06% swing between the highest and the lowest effective real-estate tax rates, where you live can mean an appreciable difference in the amount of property tax you will pay.

Wallethub recently analyzed real-estate property taxes across all 50 states and the District of Columbia. The top five states in the final ranking have a low average effective real-estate tax rate of 0.44%. For a $281,900 home — the median home value in the U.S. as of 2022 — that's about $1,228 a year. That's in stark contrast to New Jersey, the state with the highest annual taxes, where a property owner would pay $6,563 a year on a home of the same value. 

"Some states charge no property taxes at all, while others charge an arm and a leg," Cassandra Happe, Wallethub analyst, said in a release. "Americans who are considering moving and want to maximize the amount of money they take home should take into account property tax rates, in addition to other financial factors like the overall cost of living, when deciding on a city."

Scroll through to see which states are in the top 20 and how they compare.

Source: WalletHub

Chart of states with the lowest property taxes in 2024 where Virginia is ranked 19th in a tie with an effective real-estate tax rate of 0.76%
Virginia tied for 19th with an effective real-estate tax rate of 0.76%
Chart of states with the lowest property taxes in 2024 where Mississippi is ranked 19th in a tie with an effective real-estate tax rate of 0.76%
Mississippi tied for 19th with an effective real-estate tax rate of 0.76%
Chart of states with the lowest property taxes in 2024 where New Mexico is ranked 18th with an effective real-estate tax rate of 0.74%
New Mexico ranked 18th with an effective real-estate tax rate of 0.74%.
Chart of states with the lowest property taxes in 2024 where North Carolina is ranked 17th with an effective real-estate tax rate of 0.73%
North Carolina ranked 17th with an effective real-estate tax rate of 0.73%.
Chart of states with the lowest property taxes in 2024 where California is ranked 16th with an effective real-estate tax rate of 0.71%.
California ranked 16th with an effective real-estate tax rate of 0.71%.
Chart of states with the lowest property taxes in 2024 where Arkansas is ranked 15th with an effective real-estate tax rate of 0.59%
Arkansas ranked 15th with an effective real-estate tax rate of 0.59%.
Chart of states with the lowest property taxes in 2024 where Tennessee is ranked 13th in a tie with an effective real-estate tax rate of 0.58%
Tennessee tied for 13th with an effective real-estate tax rate of 0.58%.
Chart of states with the lowest property taxes in 2024 where Wyoming is ranked 13th in a tie with an effective real-estate tax rate of 0.58%
Wyoming tied for 13th with an effective real-estate tax rate of 0.58%.
Chart of states with the lowest property taxes in 2024 where Idaho is ranked 10th in a tie with an effective real-estate tax rate of 0.56%.
Idaho tied for 10th with an effective real-estate tax rate of 0.56%.
Chart of states with the lowest property taxes in 2024 where Arizona is ranked 10th in a tie with an effective real-estate tax rate of 0.56%.
Arizona tied for 10th with an effective real-estate tax rate of 0.56%.
Chart of states with the lowest property taxes in 2024 where Washington, D.C. is ranked 10th in a tie with an effective real-estate tax rate of 0.56%.
Washington, D.C. tied for 10th with an effective real-estate tax rate of 0.56%.
Chart of states with the lowest property taxes in 2024 where West Virginia is ranked 6th in a tie with an effective real-estate tax rate of 0.55%.
West Virginia tied for 6th with an effective real-estate tax rate of 0.55%.
Chart of states with the lowest property taxes in 2024 where Utah is ranked 6th in a tie with an effective real-estate tax rate of 0.55%.
Utah tied for 6th with an effective real-estate tax rate of 0.55%.
Chart of states with the lowest property taxes in 2024 where Delaware is ranked 6th in a tie with an effective real-estate tax rate of 0.55%.
Delaware tied for 6th with an effective real-estate tax rate of 0.55%.
Chart of states with the lowest property taxes in 2024 where Louisiana is ranked 6th in a tie with an effective real-estate tax rate of 0.55%.
Louisiana tied for 6th with an effective real-estate tax rate of 0.55%.
Chart of states with the lowest property taxes in 2024 where South Carolina is ranked 5th with an effective real-estate tax rate of 0.53%.
South Carolina ranked 5th with an effective real-estate tax rate of 0.53%.
Chart of states with the lowest property taxes in 2024 where Nevada is ranked 4th with an effective real-estate tax rate of 0.50%.
Nevada ranked 4th with an effective real-estate tax rate of 0.50%.
Chart of states with the lowest property taxes in 2024 where Colorado is ranked 3rd with an effective real-estate tax rate of 0.49%.
Colorado ranked 3rd with an effective real-estate tax rate of 0.49%.
Chart of states with the lowest property taxes in 2024 where Alabama is ranked 2nd with an effective real-estate tax rate of 0.49%.
Alabama ranked 2nd with an effective real-estate tax rate of 0.49%.
Chart of states with the lowest property taxes in 2024 where Hawaii is ranked 1st with an effective real-estate tax rate of 0.27%.
Hawaii ranked 1st with an effective real-estate tax rate of 0.27%.
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