Property Taxes By State 2019

Most adults in the United States strive to own their own homes and vehicles. However, this ownership comes at a price. Not only will you have an auto loan or mortgage, insurance, and repair costs, but you also have to pay property taxes.

Property taxes are paid to your state and contribute to the state’s revenue. This revenue is used for a variety of purposes, including building schools, repairing roads, and building other critical infrastructure. Property taxes are paid on an annual basis and the amount you pay varies by state.

According to the U.S. Census Bureau, the average household pays over $2,200 per year for their homes. Across the 27 states with property taxes on vehicles, the average paid is about $440 annually.

For this article, we are going to look at the median property tax rate of each state. This is calculated by dividing the median tax payment of each state by the median home price. Based on this data, the state with the highest median tax rate is New Jersey. As of 2019, the median tax rate in this state is 1.89%.

New Hampshire falls just a little behind with a media property tax rate of 1.86%. Coming in third place is Texas with a rate of 1.81%.

Many of the states in the U.S. have a median property tax rate of at least 1%. These states are: Wisconsin, Nebraska, Illinois, Connecticut, Michigan, Vermont, North Dakota, Ohio, Pennsylvania, Rhode Island, Iowa, Kansas, South Dakota, New York, Maine, Minnesota, Massachusetts, and Alaska.

Now, let’s take a look at the states with the lowest median property tax rates. Louisiana has the lowest at 0.18%. Hawaii has the second-lowest rate at 0.26%. Alabama come in third was a median rate of 0.33%.

While some states have very low property taxes – and in some states, no property taxes at all on vehicles – one thing to remember is that the state makes up this revenue in other ways. For example, a state with very low property tax rates may have higher sales tax or personal income tax in order for the state to generate necessary revenue.

State Median Property Tax 2019 Pop.
New Jersey1.89%8,922,547
New Hampshire1.86%1,363,852
Texas1.81%29,087,070
Wisconsin1.76%5,832,661
Nebraska1.76%1,940,919
Illinois1.73%12,700,381
Connecticut1.63%3,567,871
Michigan1.62%10,020,472
Vermont1.59%627,180
North Dakota1.42%760,900
Ohio1.36%11,718,568
Rhode Island1.35%1,056,738
Pennsylvania1.35%12,813,969
Kansas1.29%2,910,931
Iowa1.29%3,167,997
South Dakota1.28%892,631
New York1.23%19,491,339
Maine1.09%1,342,097
Minnesota1.05%5,655,925
Massachusetts1.04%6,939,373
Alaska1.04%735,720
Florida0.97%21,646,155
Washington0.92%7,666,343
Missouri0.91%6,147,861
Oregon0.87%4,245,901
Maryland0.87%6,062,917
Indiana0.85%6,718,616
Nevada0.84%3,087,025
Montana0.83%1,074,532
Georgia0.83%10,627,767
North Carolina0.78%10,497,741
Virginia0.74%8,571,946
Oklahoma0.74%3,948,950
California0.74%39,747,267
Kentucky0.72%4,484,047
Arizona0.72%7,275,070
Idaho0.69%1,790,182
Tennessee0.68%6,833,793
Utah0.60%3,221,610
Colorado0.60%5,770,545
Wyoming0.58%572,381
New Mexico0.55%2,096,034
Mississippi0.52%2,987,895
Arkansas0.52%3,026,412
South Carolina0.50%5,147,111
West Virginia0.49%1,791,951
District of Columbia0.46%711,571
Delaware0.43%975,033
Alabama0.33%4,898,246
Hawaii0.26%1,416,589
Louisiana0.18%4,652,581