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20 states with the lowest real-estate property taxes

November 27, 2023
in Accounting
Reading Time: 1 min read
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20 states with the lowest real-estate property taxes
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Enjoy complimentary access to top ideas and insights — selected by our editors.

Becoming a property owner continues to be an attractive prospect for many, despite the current high interest rates, so it makes sense to know where your property tax burden is going to be the least.

The list below ranks the states with the lowest effective real-estate tax rates, with the best six states having an average rate of 0.48%. The average amount of annual taxes on a $244,900 home (the median value of a house in the U.S.) in these states is $1,177.

Scroll through to see which states are in the top 20 and how they fared.

Source: WalletHub

Credit: Source link

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