In this high-value blog post, we ranked property tax rates by state from lowest to highest in 2024.
We also put together a table of states with the lowest property taxes based on the “effective” tax rate, which means it factors average home values with average property taxes paid.
It’s important to note that while most U.S. homeowners pay property taxes, some properties could be tax exempt for a variety of reasons (e.g., homestead exemptions, 100 percent disabled veteran).
Okay, let’s explore the property taxes by state ranked best to worst this year!
Table of Contents
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Key Findings of Our Research:
- The average annual property tax rate for all 50 states is 1.10% or $3,909.66 per year
- Hawaii has the lowest property taxes among the 50 states at 0.28%
- Nevada has the lowest property taxes and no income taxes
- Alabama has the lowest average annual property taxes at $904.72, which is 0.41% of its average home value of $220,663.56
- West Virginia has the second lowest property taxes at $935.12, which is 0.59% of its average home value of $158,495.35
Property Tax Rates by State Ranked Lowest to Highest (2024)
| Rank | State | 2024 Property Tax Rate (%) |
|---|---|---|
| 1 | Hawaii | 0.28% |
| 2 | Alabama | 0.41% |
| 3 | Colorado | 0.51% |
| 4 | Nevada | 0.55% |
| 5 | Louisiana | 0.56% |
| 6 | South Carolina | 0.56% |
| 7 | Delaware | 0.58% |
| 8 | Utah | 0.58% |
| 9 | West Virginia | 0.59% |
| 10 | Wyoming | 0.61% |
| 11 | Arizona | 0.62% |
| 12 | Arkansas | 0.62% |
| 13 | Idaho | 0.63% |
| 14 | Tennessee | 0.66% |
| 15 | California | 0.74% |
| 16 | Mississippi | 0.79% |
| 17 | New Mexico | 0.80% |
| 18 | North Carolina | 0.80% |
| 19 | Virginia | 0.82% |
| 20 | Indiana | 0.83% |
| 21 | Montana | 0.83% |
| 22 | Kentucky | 0.85% |
| 23 | Florida | 0.86% |
| 24 | Georgia | 0.90% |
| 25 | Oklahoma | 0.90% |
| 26 | Oregon | 0.93% |
| 27 | Washington | 0.94% |
| 28 | Missouri | 0.98% |
| 29 | North Dakota | 1.00% |
| 30 | Maryland | 1.07% |
| 31 | Minnesota | 1.11% |
| 32 | Massachusetts | 1.20% |
| 33 | Alaska | 1.22% |
| 34 | South Dakota | 1.24% |
| 35 | Maine | 1.28% |
| 36 | Kansas | 1.43% |
| 37 | Michigan | 1.48% |
| 38 | Ohio | 1.53% |
| 39 | Pennsylvania | 1.53% |
| 40 | Iowa | 1.57% |
| 41 | Rhode Island | 1.63% |
| 42 | New York | 1.72% |
| 43 | Nebraska | 1.73% |
| 44 | Texas | 1.80% |
| 45 | Wisconsin | 1.85% |
| 46 | Vermont | 1.90% |
| 47 | Connecticut | 2.14% |
| 48 | New Hampshire | 2.18% |
| 49 | Illinois | 2.27% |
| 50 | New Jersey | 2.49% |
States With Lowest Property Taxes: Ranked Low to High
| Rank | State | Average Home Value ($) | 2024 Property Tax Rate (%) | 2024 Average Annual Property Tax ($) |
|---|---|---|---|---|
| 1 | Alabama | $220,663.56 | 0.41% | $904.72 |
| 2 | West Virginia | $158,495.35 | 0.59% | $935.12 |
| 3 | Louisiana | $201,120.89 | 0.56% | $1,126.28 |
| 4 | Arkansas | $198,501.94 | 0.62% | $1,230.71 |
| 5 | Mississippi | $176,829.86 | 0.79% | $1,396.96 |
| 6 | South Carolina | $288,530.77 | 0.56% | $1,615.77 |
| 7 | Kentucky | $197,759.76 | 0.85% | $1,680.96 |
| 8 | Oklahoma | $199,764.60 | 0.90% | $1,797.88 |
| 9 | Wyoming | $316,886.00 | 0.61% | $1,933.00 |
| 10 | Indiana | $234,165.99 | 0.83% | $1,943.58 |
| 11 | Tennessee | $310,926.83 | 0.66% | $2,052.12 |
| 12 | Delaware | $371,609.08 | 0.58% | $2,155.33 |
| 13 | New Mexico | $294,313.87 | 0.80% | $2,354.51 |
| 14 | Missouri | $240,768.18 | 0.98% | $2,359.53 |
| 15 | Nevada | $433,802.11 | 0.55% | $2,385.91 |
| 16 | North Carolina | $322,789.39 | 0.80% | $2,582.32 |
| 17 | North Dakota | $262,048.76 | 1.00% | $2,620.49 |
| 18 | Arizona | $431,911.95 | 0.62% | $2,677.85 |
| 19 | Hawaii | $972,884.84 | 0.28% | $2,724.08 |
| 20 | Colorado | $549,171.97 | 0.51% | $2,800.78 |
| 21 | Idaho | $445,298.27 | 0.63% | $2,805.38 |
| 22 | Georgia | $320,922.92 | 0.90% | $2,888.31 |
| 23 | Utah | $519,840.69 | 0.58% | $3,015.08 |
| 24 | Virginia | $378,609.65 | 0.82% | $3,104.60 |
| 25 | Kansas | $220,219.76 | 1.43% | $3,149.14 |
| 26 | Ohio | $220,798.59 | 1.53% | $3,378.22 |
| 27 | Iowa | $216,698.61 | 1.57% | $3,402.17 |
| 28 | Michigan | $235,827.22 | 1.48% | $3,490.24 |
| 29 | Florida | $408,118.28 | 0.86% | $3,509.82 |
| 30 | South Dakota | $297,880.95 | 1.24% | $3,693.72 |
| 31 | Minnesota | $336,904.78 | 1.11% | $3,739.64 |
| 32 | Montana | $456,074.42 | 0.83% | $3,785.42 |
| 33 | Pennsylvania | $258,741.53 | 1.53% | $3,958.75 |
| 34 | Nebraska | $255,266.79 | 1.73% | $4,416.12 |
| 35 | Maryland | $418,999.69 | 1.07% | $4,483.30 |
| 36 | Alaska | $370,645.33 | 1.22% | $4,521.87 |
| 37 | Oregon | $502,426.45 | 0.93% | $4,672.57 |
| 38 | Maine | $387,523.51 | 1.28% | $4,960.30 |
| 39 | Texas | $303,703.03 | 1.80% | $5,466.65 |
| 40 | Wisconsin | $297,157.79 | 1.85% | $5,497.42 |
| 41 | Washington | $587,414.79 | 0.94% | $5,521.70 |
| 42 | California | $764,721.54 | 0.74% | $5,658.94 |
| 43 | Illinois | $256,600.41 | 2.27% | $5,824.83 |
| 44 | Rhode Island | $446,633.41 | 1.63% | $7,280.12 |
| 45 | Massachusetts | $610,853.88 | 1.20% | $7,330.25 |
| 46 | New York | $426,660.95 | 1.72% | $7,338.57 |
| 47 | Vermont | $398,737.03 | 1.90% | $7,576.00 |
| 48 | Connecticut | $407,740.96 | 2.14% | $8,725.66 |
| 49 | New Hampshire | $473,379.61 | 2.18% | $10,319.68 |
| 50 | New Jersey | $509,666.68 | 2.49% | $12,690.70 |
About the Author
Brian Reese is a senior advisor and co-owner at District Lending. He is one of the world’s leading experts in veteran benefits, having helped millions of veterans secure their financial future since 2013. Brian is the founder VA Claims Insider, an education-based Coaching & Consulting company whose mission is to educate and empower veterans to get the VA disability benefits they’ve earned for their honorable service. A former active-duty air force officer, Brian deployed to Afghanistan in support of Operation Enduring Freedom. He is a distinguished graduate of management of the United States Air Force Academy and earned his MBA as a National Honor Scholar from the Spears School of Business at Oklahoma State University.
“As a military veteran, I’ve made it my life’s mission to help people live happier and wealthier lives. District Lending brings this mission to life. We believe in integrity, honesty, and transparency, which is why you’ll see our rates right on our website. You’ll find lower rates and zero lending fees, which means you can buy your dream home for less. The savings are passed on to you — the way it should be.”
– Brian Reese, Advisor and Co-Owner, District Lending
