The states with the highest property taxes

 

The states with the highest property taxes

In some states, homes are cheap, property tax rates are less than half of 1%, and the average property tax payment is a few hundred dollars a year. In the most expensive states, however, prices rise more than 2%, homes are very expensive, and average annual property tax bills routinely creep up to $10,000 annually.

Using data from the Tax Foundation, GOBankingRates has ranked the states with the highest property taxes in America, including percentage, average dollar amount paid, and median home value. We've ranked the top 15 from least expensive to most. For context, the national average effective property tax is 1.04%, the average home value in the US is $349,015, and the average annual property tax bill is $3,630. Learn about the most expensive countries to own real estate in.

15. Kansas

Average effective property tax: 1.32%

2022 median home value: $210,447

The average annual property tax paid: $2,778

Kansas property taxes are low compared to the others on this list but still considered high compared to the rest of the United States.

13. New York

Average effective property tax: 1.38%

2022 median home value: $370,445

The average annual property tax paid: $5,112

New York ties with Michigan for the states with the highest property taxes, though New York, at $1,966, is much higher. The median home value is also slightly higher in New York than in other states, but its residents still pay a relatively low property tax rate.

13. Michigan

Average effective property tax: 1.38%

2022 median home value: $228,708

The average annual property tax paid: $3,156

Michigan is tied with New York for No. 13; although property taxes and home values differ greatly, they share a property tax rate of 1.38%.

12. Rhode Island

Average effective property tax: 1.43%

2022 median home value: $433,666

The average annual property tax paid: $6,201

Rhode Island property taxes are higher, but so is the median home value, which ranks among the three highest taxes on this list.

11. Pennsylvania

Average effective property tax: 1.49%

2022 median home value: $265,724

The average annual property tax paid: $3,959

Pennsylvania's property taxes are relatively low compared to some of the other lower states on this list, but it has a higher property tax rate.

10. Iowa

Average effective property tax: 1.50%

2022 median home value: $197,330

The average annual property tax paid: $2,960

The other Iowa state where the property taxes are low, although the tax rate is, is because the average home value here is lower than in other states.

9. Ohio

Average effective property tax: 1.58%

2022 median home value: $212,757

The average annual property tax paid: $3,362

While the effective property tax rate is high in Ohio, the median home value is low, so property taxes are lower than in the other states on this list.

8. Nebraska

Average effective property tax: 1.61%

2022 median home value: $244,619

The average annual property tax paid: $3,938

The median home value in Nebraska is near the middle of the states on this list, but its property tax rate tops at 1.6%.

7. Wisconsin

Average effective property tax: 1.63%

2022 median home value: $266,908

The average annual property tax paid: $4,351

Wisconsin's property tax rate is over 1.6%, with an average home value of $266,908, translating to property taxes of close to $4,500 annually.

6. Texas

Average effective property tax: 1.66%

2022 median home value: $308,392

The average annual property tax paid: $5,119

With a property tax rate of 1.7% and a median home value of over $300,000, Texas homeowners pay more than $5,000 in taxes each year.

5. Connecticut

Average effective property tax: 1.76%

2022 median home value: $373,373

The average annual property tax paid: $6,571

Although the median home value isn't the highest in Connecticut, with a tax rate of 1.76%, homeowners pay their annual property taxes through the teeth.

4. Vermont

Average effective property tax: 1.82%

2022 median home value: $366,246

The average annual property tax paid: $6,666

The New England state of Vermont is seeing an excessive jump in its property tax rate from Connecticut. With an estate tax rate of over 1.8%, even though the median home value is lower than in Connecticut, that extra percentage pushes taxes here up a notch.

3. New Hampshire

Average effective property tax: 1.96%

2022 median home value: $443,793

The average annual property tax paid: $8,698

New England ranks three on this list, with a property tax rate of roughly 2% in New Hampshire. The median home price is also the second most expensive on this list, and annual property taxes are the second highest in the country.

2. Illinois

Average effective property tax: 2.05%

2022 median home value: $262,134

The average annual property tax paid: $5,374

Illinois may be the first state to crack 2% in its property tax rate, but because of its low median home value, annual taxes here won't make homeowners' banks crash.

1. New Jersey

Average effective property tax: 2.21%

2022 median home value: $470,981

The average annual property tax paid: $10,409

New Jersey takes the top spot for the highest property taxes, not only in its property tax rate, which is over the 2% mark but in actual dollars spent on property taxes; Here, median home value is the highest on the list.