Property Taxes by State in 2024
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Tips for lowering your property tax
- Review your property tax assessment: The first step in lowering your property tax bill is to review your property tax assessment to ensure its accuracy. If you believe that the assessed value of your property is too high, you may be able to challenge the assessment and get it lowered.
- Check for errors: Review your property tax assessment to see if there are any errors or discrepancies. For example, if the square footage of your home is listed incorrectly, it could lead to a higher assessed home value and higher property taxes.
- Claim property tax exemptions: You may be eligible for property tax exemptions if you're a senior citizen, a veteran, have a disability, or own agricultural land. Check with your local tax assessor's office to see if you qualify for exemptions.
- Appeal your property tax assessment: If you believe your property tax assessment is too high, you can appeal with the local tax assessor's office. Homestead exemption is also offered to homeowners who use their property as their primary residence. Be sure to provide evidence, such as recent home sales in your area, to support your claim.
- Consider a tax abatement program: Some local governments offer programs to help reduce property taxes for a set period. These programs may be available to property owners who make certain improvements to their homes, such as energy-efficient upgrades.
Property tax rates by state*
State (ranked lowest to highest) | Effective real estate tax rate | Median home values in the state | Annual tax on a home valued at state median |
Hawaii | 0.28% | $ 6,15,300 | $ 606 |
Alabama | 0.41% | $ 1,42,700 | $ 895 |
Colorado | 0.51% | $ 3,43,300 | $ 1,113 |
Nevada | 0.60% | $ 2,67,900 | $ 1,310 |
Louisiana | 0.55% | $ 1,63,100 | $ 1,187 |
South Carolina | 0.57% | $ 1,62,300 | $ 1,238 |
District of Columbia | 0.56% | $ 6,01,500 | $ 1,221 |
Delaware | 0.57% | $ 2,51,100 | $ 1,240 |
Utah | 0.63% | $ 2,79,100 | $ 1,362 |
West Virginia | 0.58% | $ 1,19,600 | $ 1,269 |
Wyoming | 0.61% | $ 2,20,500 | $ 1,319 |
Arkansas | 0.62% | $ 1,27,800 | $ 1,358 |
Arizona | 0.66% | $ 2,25,500 | $ 1,446 |
Idaho | 0.69% | $ 2,12,300 | $ 1,492 |
Tennessee | 0.71% | $ 1,67,200 | $ 1,548 |
California | 0.76% | $ 5,05,000 | $ 1,644 |
Mississippi | 0.81% | $ 1,19,000 | $ 1,751 |
New Mexico | 0.80% | $ 1,71,400 | $ 1,740 |
North Carolina | 0.84% | $ 1,72,500 | $ 1,833 |
Virginia | 0.82% | $ 2,73,100 | $ 1,779 |
Montana | 0.84% | $ 2,30,600 | $ 1,818 |
Indiana | 0.85% | $ 1,41,700 | $ 1,853 |
Kentucky | 0.86% | $ 1,41,000 | $ 1,866 |
Florida | 0.89% | $ 2,15,300 | $ 1,934 |
Oklahoma | 0.90% | $ 1,36,800 | $ 1,952 |
Georgia | 0.92% | $ 1,76,000 | $ 2,006 |
Oregon | 0.97% | $ 3,12,200 | $ 2,116 |
Washington | 0.98% | $ 1,93,900 | $ 2,134 |
Missouri | 0.97% | $ 1,57,200 | $ 2,111 |
North Dakota | 0.98% | $ 3,39,000 | $ 2,138 |
Maryland | 1.09% | $ 3,14,800 | $ 2,370 |
Minnesota | 1.12% | $ 2,23,900 | $ 2,429 |
Massachusetts | 1.23% | $ 3,81,600 | $ 2,667 |
Alaska | 1.19% | $ 2,70,400 | $ 2,599 |
South Dakota | 1.31% | $ 1,67,100 | $ 2,857 |
Maine | 1.36% | $ 1,90,400 | $ 2,953 |
Kansas | 1.41% | $ 1,51,900 | $ 3,060 |
Michigan | 1.54% | $ 1,54,900 | $ 3,343 |
Ohio | 1.56% | $ 1,45,700 | $ 3,390 |
Pennsylvania | 1.58% | $ 1,97,300 | $ 3,442 |
Rhode Island | 1.63% | $ 2,61,900 | $ 3,548 |
Iowa | 1.57% | $ 1,47,800 | $ 3,407 |
Nebraska | 1.73% | $ 1,55,800 | $ 3,754 |
New York | 1.72% | $ 3,13,700 | $ 3,749 |
Wisconsin | 1.85% | $ 1,80,600 | $ 4,027 |
Texas | 1.80% | $ 1,72,500 | $ 3,907 |
Vermont | 1.90% | $ 2,27,700 | $ 4,135 |
New Hampshire | 2.18% | $ 2,61,700 | $ 4,738 |
Connecticut | 2.14% | $ 2,75,400 | $ 4,658 |
Illinois | 2.27% | $ 1,94,500 | $ 4,942 |
New Jersey | 2.49% | $ 3,35,600 | $ 5,419 |
The bottom line
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Jasir Jawaid is Joy Wallet's Assistant Editor. He has more than 13 years of experience as a journalist covering Wall Street, equities, financial policy and regulation, and cryptocurrency and blockchain.
