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Property Tax Rates by State 2026 (Effective Rates Ranked)

Average property tax rates for all 50 states. Effective rates, median tax paid, and median home value. Ranked from lowest to highest.

Est. monthly search volume: 110K+/mo

Property Tax Rates by State 2026

StateEffective RateMedian Tax PaidMedian Home Value
Hawaii0.29%$2,420$835,000
Alabama0.40%$860$215,000
Colorado0.51%$2,780$545,000
Louisiana0.56%$1,148$205,000
South Carolina0.57%$1,682$295,000
West Virginia0.58%$899$155,000
Wyoming0.60%$1,890$315,000
Arkansas0.62%$1,209$195,000
Utah0.63%$3,182$505,000
Nevada0.65%$2,698$415,000
Tennessee0.66%$2,475$375,000
Idaho0.67%$2,781$415,000
Arizona0.68%$2,822$415,000
Delaware0.70%$2,275$325,000
California0.71%$5,574$785,000
Mississippi0.72%$1,260$175,000
Virginia0.75%$2,888$385,000
Montana0.76%$3,382$445,000
New Mexico0.78%$2,223$285,000
North Carolina0.80%$2,840$355,000
Kentucky0.82%$1,845$225,000
Indiana0.84%$1,974$235,000
Oklahoma0.87%$1,871$215,000
Georgia0.88%$2,948$335,000
Florida0.89%$3,605$405,000
Oregon0.93%$4,418$475,000
North Dakota0.94%$2,209$235,000
Washington0.98%$5,831$595,000
Missouri0.99%$2,327$235,000
South Dakota1.01%$2,677$265,000
Alaska1.04%$3,484$335,000
Maryland1.05%$4,148$395,000
Minnesota1.08%$3,402$315,000
Massachusetts1.12%$6,552$585,000
Kansas1.15%$2,473$215,000
Maine1.18%$4,307$365,000
Ohio1.22%$2,867$235,000
Michigan1.25%$2,938$235,000
Iowa1.29%$2,774$215,000
Pennsylvania1.35%$3,578$265,000
Rhode Island1.40%$5,950$425,000
Nebraska1.44%$3,528$245,000
New York1.62%$7,857$485,000
Wisconsin1.63%$4,320$265,000
Vermont1.68%$5,964$355,000
Texas1.74%$5,829$335,000
New Hampshire1.86%$8,277$445,000
Connecticut1.98%$7,821$395,000
Illinois2.07%$5,900$285,000
New Jersey2.23%$11,040$495,000

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Frequently Asked Questions

Which state has the highest property tax?

New Jersey has the highest effective property tax rate at 2.23%, with a median annual tax of $11,040. Illinois (2.07%) and Connecticut (1.98%) follow.

Which state has the lowest property tax?

Hawaii has the lowest effective property tax rate at 0.29%, despite high home values. Alabama (0.40%) and Colorado (0.51%) also have very low rates.

How is property tax calculated?

Property tax = Assessed Value x Tax Rate. The assessed value may differ from market value depending on state assessment ratios. Effective tax rate is the actual tax paid divided by market value.

Do states with no income tax have higher property taxes?

Generally yes. Texas (1.74%), New Hampshire (1.86%), and Alaska (1.04%) all have above-average property taxes to compensate for no income tax revenue.

Data & Research

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