Shopping for a home is not simply in regards to the buy worth. You additionally have to price range for ongoing bills comparable to property taxes. These taxes might differ broadly relying on the place you reside. Boston residence purchaser I will pay greater than the customer Los Angeles homeEven when the home has the identical worth. So learn by way of state-by-state property taxes. That manner you’ll know what the state will cost the best tax charges and the place it can save you money.
What’s property tax? What do they do?
Fastened Asset Tax You may be billed to the home-owner primarily based on the valued worth of your property. They assist native governments pay for colleges, public transport, fireplace stations and different crucial public companies and authorities charges.
Your native tax assessor will calculate property taxes primarily based on strategies outlined by state and native regulation. When deductions are itemized, Property tax will be deducted About your federal tax return.
State property tax
Please word that property tax charges can differ broadly in the identical situation. What you finally pay relies on the precise charges and residential valuation in your county or metropolis. The diagram beneath reveals the statewide common primarily based on probably the most Recent data available;The precise tax payments might differ. The efficient property tax fee is from 2023, and the median promoting worth displays July 2025 Redfin knowledge.
state |
Efficient property tax fee (2023, %) |
Median promoting worth (July 2025) |
Estimated annual property tax |
| Alabama | 0.36 | $300,100 | $1,080 |
| Alaska | 0.91 | $422,900 | $3,848 |
| Arizona | 0.44 | $439,000 | $3,995 |
| Arkansaud | 0.53 | $273,100 | $1,447 |
| California | 0.70 | $830,400 | $5,812 |
| Colorado | 0.50 | $598,400 | $2,992 |
| Connecticut | 1.48 | $491,700 | $7,277 |
| Delaware | 0.50 | $385,000 | $1,925 |
| Columbia space | 0.61 | $675,000 | $4,118 |
| Florida | 0.74 | $404,100 | $2,990 |
| Georgia | 0.77 | $382,000 | $2,941 |
| Hawaii | 0.32 | $733,800 | $2,348 |
| Idaho | 0.48 | $491,200 | $2,358 |
| Illinois | 1.83 | $320,800 | $5,871 |
| Indiana | 0.77 | $281,400 | $2,167 |
| Iowa | 1.23 | $252,200 | $3,102 |
| Kansas | 1.19 | $314,000 | $3,737 |
| Kentucky | 0.73 | $280,300 | $2,046 |
| Louisiana | 0.55 | $252,700 | $1,390 |
| primary | 0.94 | $416,600 | $3,916 |
| Maryland | 0.9 | $461,100 | $4,150 |
| Massachusetts | 0.97 | $686,700 | $6,661 |
| Michigan | 1.15 | $291,500 | $3,352 |
| Minnesota | 0.99 | $371,300 | $3,676 |
| Mississippi | 0.58 | $265,700 | $1,541 |
| Missouri | 0.88 | $288,700 | $2,541 |
| Montana | 0.60 | $541,200 | $3,247 |
| Nebraska | 1.43 | $305,400 | $4,367 |
| Nevada | 0.49 | $465,500 | $2,281 |
| New Hampshire | 1.41 | $513,100 | $7,235 |
| New Jersey | 1.77 | $579,000 | $10,248 |
| New Mexico | 0.61 | $364,800 | $2,225 |
| ny | 1.26 | $597,000 | $7,522 |
| North Carolina | 0.62 | $388,400 | $2,408 |
| North Dakota | 0.94 | n/a | n/a |
| Ohio | 1.31 | $275,600 | $3,610 |
| Oklahoma | 0.77 | $258,900 | $1,994 |
| Oregon | 0.78 | $516,600 | $4,029 |
| Pennsylvania | 1.19 | $325,800 | $3,877 |
| Rhode Island | 1.05 | $518,800 | $5,447 |
| South Carolina | 0.47 | $387,900 | $1,823 |
| South Dakota | 0.99 | $332,400 | $3,291 |
| Tennessee | 0.49 | $394,800 | $1,935 |
| Texas | 1.36 | $351,700 | $4,783 |
| Yuta | 0.47 | $560,600 | $2,635 |
| Vermont | 1.42 | $430,500 | $6,113 |
| Virginia | 0.77 | $474,700 | $3,655 |
| Washington | 0.75 | $648,900 | $4,867 |
| West Virginia | 0.48 | $249,400 | $1,197 |
| Wisconsin | 1.25 | $342,600 | $4,283 |
| Wyoming | 0.55 | $487,900 | $2,683 |
Notice: Knowledge is probably not accessible in all states. In these circumstances, the numbers are marked as “n/a”.
Property Taxes through State FAQ
Which states have the best property tax fee?
The next states have the best efficient property tax charges.
- Illinois (1.83%)
- New Jersey (1.77%)
- Connecticut (1.48%)
- Nebraska (1.43%)
- Vermont (1.42%)
Which states have the best property tax funds?
That is the state you’ll be able to anticipate to pay most with property taxes:
- New Hampshire ($9,133)
- Connecticut ($8,408)
- New York ($8,119)
- Massachusetts ($7,348)
- Rhode Island ($7,159)
How are property taxes calculated?
Your annual property tax cost is decided by your private home Evaluated valuesnot the acquisition worth of the home. The evaluator can decide the worth evaluated utilizing market worth, current gross sales, or state-specific formulation. As soon as that quantity is about, the native property tax fee can be utilized and the annual bill is calculated.
Does property tax exemption exist?
Sure teams have fastened property tax exemptions. Veterans, senior householders, low-income householders, and other people with disabilities can be eligible for exemptions that may cut back or eradicate tax payments.
