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Wednesday, March 9, 2016

Real Estate Taxes - Comparison by State

Interesting information on Real Property Taxes by State.  Want to know where your state ranks?  Here you go.

Real-Estate Tax Rankings


Rank

State

Effective Real-Estate Tax Rate

Annual Taxes on $176K Home*

State Median Home Value

Annual Taxes on Home Priced at State Median Value

1Hawaii0.28%$489$504,500$1,405
2Alabama0.43%$764$123,800$538
3Louisiana0.48%$841$140,400$672
4Delaware0.53%$929$232,900$1,231
T-5District of Columbia0.57%$1,005$454,500$2,601
T-5South Carolina0.57%$1,009$137,600$790
7West Virginia0.59%$1,035$100,200$590
T-8Arkansas0.62%$1,088$108,700$673
T-8Colorado0.62%$1,097$239,400$1,495
T-8Wyoming0.62%$1,094$189,300$1,179
11Utah0.69%$1,210$212,500$1,463
12New Mexico0.72%$1,273$159,300$1,154
13Tennessee0.75%$1,314$139,900$1,046
14Idaho0.77%$1,354$160,500$1,237
15Mississippi0.78%$1,377$100,800$790
16Virginia0.80%$1,401$243,500$1,941
17California0.81%$1,429$371,400$3,021
T-18Kentucky0.84%$1,471$121,600$1,018
T-18Arizona0.84%$1,484$162,900$1,376
20North Carolina0.85%$1,502$153,600$1,313
T-21Oklahoma0.87%$1,525$115,000$998
T-21Montana0.87%$1,528$187,600$1,632
23Indiana0.88%$1,539$122,700$1,075
24Nevada0.92%$1,618$167,100$1,539
25Georgia0.96%$1,682$148,000$1,417
26Missouri1.00%$1,763$136,700$1,372
T-27Oregon1.08%$1,890$234,100$2,518
T-27Washington1.08%$1,903$257,200$2,785
T-27Maryland1.08%$1,906$287,500$3,118
30Florida1.10%$1,932$156,200$1,718
31Massachusetts1.18%$2,075$329,900$3,896
32Minnesota1.19%$2,091$185,200$2,204
33Alaska1.21%$2,124$246,300$2,978
34North Dakota1.22%$2,146$142,000$1,734
35Maine1.27%$2,233$173,600$2,206
36South Dakota1.36%$2,382$135,700$1,840
37Kansas1.41%$2,478$129,400$1,825
38Iowa1.47%$2,582$126,300$1,856
39Pennsylvania1.51%$2,647$164,900$2,484
40Ohio1.55%$2,729$129,600$2,013
41New York1.58%$2,773$283,700$4,478
42Rhode Island1.61%$2,829$241,200$3,883
43Vermont1.72%$3,021$216,200$3,717
44Michigan1.83%$3,220$120,200$2,203
45Nebraska1.88%$3,301$130,100$2,444
46Connecticut1.91%$3,357$274,500$5,244
47Texas1.93%$3,392$131,400$2,537
48Wisconsin1.97%$3,459$165,900$3,266
49New Hampshire2.10%$3,698$237,400$4,996
50Illinois2.25%$3,959$175,700$3,959
51New Jersey2.29%$4,029$319,900$7,335

*$175,700 is the median home value in the U.S.



gif1-real-estate-tax-2016
Source: WalletHub
Posted By Chip Morrison At 10:39 AM • Comments (0) Trackbacks (0)
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