What States Have the Highest Property Taxes?

These 10 states have the highest property tax rates in the country.

Written by Hilary Collins / July 20, 2022

Property values and property taxes have been rising in recent years, but there’s still a substantial difference from state to state. Perhaps surprisingly, Hawaii—not a cheap state by any means—boasts the cheapest effective property tax rate at 0.31% per year. On the other end of the spectrum are these 10 states.

According to analysis from the Tax Foundation based on the most recent census data, these are the ten states with the highest effective property tax rates—that is, the property tax rate as a percentage of a property’s value.[1] To find the average home’s value in each state, we used Zillow’s May 2022 numbers from their home value index, which finds the typical value of a mid-price home based on public data, data from their users, and real estate data from other listing services.[2] And finally, we ran the numbers to get a sense for what the tax bill for one of these homes would look like.

Read on to learn more—some of these high-property-tax states might surprise you.

The List

  1. 1
    New Jersey
1

New Jersey

New Jersey Lighthouse on the Beach

Property tax rate: 2.21%

Typical home value: $491,000

Estimated annual tax bill: $10,851.10

2

Illinois

Chicago skyline at sunset

Property tax rate: 2.05%

Typical home value: $248,000

Estimated annual tax bill: $5,084.00

3

New Hampshire

New Hampshire in Autumn

Property tax rate: 1.96%

Typical home value: $429,000

Estimated annual tax bill: $8,408.40

4

Vermont

Snowy Vermont Scene

Property tax rate: 1.82%

Typical home value: $348,000

Estimated annual tax bill: $6,333.60

5

Connecticut

Connecticut Waterfront Homes

Property tax rate: 1.76%

Typical home value: $356,000

Estimated annual tax bill: $6,265.60

6

Texas

Dallas Skyline

Property tax rate: 1.66%

Typical home value: $308,000

Estimated annual tax bill: $5,112.80

7

Wisconsin

Wisconsin Fields and Homes

Property tax rate: 1.63%

Typical home value: $262,000

Estimated annual tax bill: $4,270.60

8

Nebraska

Nebraska Farmhouses

Property tax rate: 1.61%

Typical home value: $237,000

Estimated annual tax bill: $3,815.70

9

Ohio

Akron at Sunset

Property tax rate: 1.58%

Typical home value: $208,000

Estimated annual tax bill: $3,286.40

10

Iowa

Homes in Iowa

Property tax rate: 1.5%

Typical home value: $189,000

Estimated annual tax bill: $2,835.00

Article Sources
  1. “Facts and Figures 2022: How Does Your State Compare?” March 29, 2022, Tax Foundation. https://taxfoundation.org/2022-state-tax-data/
  2. “United State Home Values,” May 2022, Zillow. https://www.zillow.com/home-values/

About the Author

Hilary Collins

Hilary Collins

Hilary is an experienced finance writer with a passion for turning complicated topics into readable stories with real-world takeaways.

Full bio

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