US States With Lowest Real Estate Taxes To Save You A Fortune

Hawaii beckons with the lowest property tax rate in the nation, averaging just 0.32%, but don't underestimate the cost of paradise. The average home price sails around $820,000. The average homeowner pays around $2,624 a year in property taxes.

Despite the price tag, cities like Hilo, Kailua-Kona, and Honolulu consistently rank high on livability scores, thanks to their breathtaking scenery, outdoor adventures, and relaxed island vibes. This youngest US state also hosts cities with the highest rent prices as well. Hike smoldering volcanoes, snorkel vibrant coral reefs, or soak up the sun on pristine beaches. Foodies can savor fresh seafood and multicultural cuisine, while history buffs can explore ancient cultural sites. From world-class surfing to majestic whale watching, Hawaii's activities are as diverse as its landscapes.

Alabama boasts some of the nation's most attractive property tax rates, averaging just 0.40%. Homeownership is even sweeter with the state's average home price sitting around $225,000. Therefore, annual taxes for average home ownership costs a mere $900.

Seeking a vibrant city life? Consider Birmingham, Huntsville, or Montgomery. Nature lovers might prefer Mobile or Tuscaloosa. Outdoor adventures include exploring the Appalachian Mountains or relaxing on the Gulf Shores beaches. History buffs can delve into the Civil Rights Movement at the Rosa Parks Museum, while science enthusiasts can marvel at the U.S. Space & Rocket Center. Whether you crave urban energy or outdoor escapes, Alabama offers a charming and affordable place to call home.

Colorado ticks the boxes for affordability and adventure! Boasting some of the nation's lowest property taxes at an average of 0.55%, the state's average home price of $526,779 makes it an attractive prospect for homebuyers. At those rates, the average annual tax amounts to $2897.28 per year.

For vibrant communities, consider Boulder, renowned for its outdoorsy lifestyle and cultural scene, or Fort Collins, a college town brimming with craft breweries. Denver, the Mile High City, offers a dynamic urban environment. Craving adventure? Ski the Rocky Mountains, explore historic towns, or soak in natural hot springs. Colorado truly has something for everyone!

Wyoming is a great option for those seeking low property taxes! With a mean rate of just 0.56%, it boasts one of the cheapest in the nation. Plus, the average home price of around $331,482 makes it an affordable choice. The average amount spent on property tax is around $1856 per year.

If you're looking for a place to call home, consider charming towns like Jackson, known for its ski resorts and Grand Teton National Park, Laramie, a college town with a historic downtown, or Cheyenne, the capital city offering museums and Frontier Days festivities. Outdoor enthusiasts will have a blast exploring Wyoming's stunning natural landscapes, perfect for hiking, fishing, and skiing.

Louisiana boasts one of the lowest property tax rates in the US at just 0.56%, making homeownership more affordable. The average home price in the state is around $223,000, offering good value for your money. Annual spending on property taxes for an average home will amount to around $1,248.

Everyone can find a city that fits their needs and preferences in Louisiana. If you're looking for a vibrant city life, Baton Rouge and New Orleans are great options. For a more relaxed atmosphere, Lafayette and Shreveport are charming choices. And nature lovers won't be disappointed with the stunning scenery of the Mississippi River Delta and the Atchafalaya Basin.

South Carolina presents an enticing prospect for property owners, boasting a remarkably low mean tax rate of just 0.56%. With an average home price of $272,100, it's an attractive destination for first-time buyers or those seeking a laid-back lifestyle.

Among its standout cities, Greenville, Charleston, and Columbia beckon with their distinct charms, from historic allure to vibrant cultural scenes. Indulge in coastal delights along pristine beaches, relish the flavors of local cuisine, or embark on outdoor adventures amidst picturesque landscapes. South Carolina embodies a diverse tapestry of experiences, catering to every taste and preference.

West Virginia beckons frugal homeowners with its remarkably low property taxes, averaging just 0.57%, making it one of the most affordable states nationwide. Acquiring a budget-friendly home is effortless, with the average price hovering around $196,400, which means annual tax expenses will just just above $1,100.

For those in search of quaint communities, Morgantown, Charleston, and Shepherdstown offer high livability scores and a warm, welcoming atmosphere. Outdoor enthusiasts find paradise in West Virginia, where they can traverse the awe-inspiring Appalachian Mountains, indulge in skiing adventures, or experience the thrill of whitewater rafting. It's truly a haven for nature lovers seeking unparalleled beauty and adventure!

Utah is a great option for those seeking lower property taxes. At an average of 0.57%, it boasts one of the cheapest rates in the country. And with an average home price of around $500,000, it's an attractive option for homebuyers compared to other states. Despite being among the cheapest, it will still set you back $2850 per year in property taxes alone.

For a vibrant city experience, consider Salt Lake City, known for its cultural scene, from Temple Square to world-class museums. Provo offers a youthful vibe near Utah Lake, while Ogden blends city life with outdoor access. Outdoor enthusiasts have endless options: explore the Great Salt Lake, hike the trails of Zion National Park, ski the Wasatch Mountains, or attend the renowned Sundance Film Festival. Utah truly has something for everyone!

Nevada whispers "welcome home" to budget-conscious dreamers with property taxes as low as 0.59%, one of the nation's most enticing rates. While the average home price rests around $421,000, Nevada's vibrant cities cater to diverse desires. However, the annual tax bill liability will still be around $2,500.

Henderson, bathed in sunshine and safety, beckons families. Reno pulses with nightlife and outdoor adventures, with Lake Tahoe a scenic neighbor. Nature lovers will find solace in Nevada's awe-inspiring landscapes, from the grandeur of Death Valley to the dramatic allure of Red Rock Canyon. Discover Nevada - an affordable haven brimming with opportunity and adventure!

Dreaming of a coastal escape with charming communities and tax-friendly living? Delaware beckons with open arms! Boasting one of the lowest property tax rates in the US at a mere 0.61%, it's no wonder homeownership feels attainable here.

While the average home rests around $289,000, diverse cities cater to your preferences. Family-oriented Wilmington charms with its art scene, while historic Lewes beckons with a coastal escape. Nature enthusiasts can rejoice in miles of beaches and serene wetlands. Don't miss out on Delaware's affordability and captivating atmosphere – start exploring its magic today!

the District of Columbia boasts some of the most enticing property taxes in the nation, averaging only 0.61%. While the charming capital city commands a median home price of around $720,000, which however, racks with the annual property tax rates to around $4,300 per year.

It delivers diverse neighborhoods, rich culture, and easy access to world-class amenities. Alexandria, steeped in history, and Arlington, brimming with urban energy, consistently rank high on livability lists. Explore iconic Smithsonian museums, wander through vibrant Eastern Market, or catch a Nationals game – all within reach of your affordable D.C. abode. Nature lovers can escape to Great Falls Park, a scenic haven just steps from the city center. Immerse yourself in the heart of the nation's capital – where affordability meets excitement.

Dreaming of low property taxes and a vibrant lifestyle? Look no further than Arizona! Boasting one of the cheapest property tax rates in the US at just 0.63%, Arizona also offers affordable living with a median home price of around $418,000, which also saves on annual tax liability costing just about $2,600.

Soak up the sunshine in Scottsdale, a renowned resort town, or immerse yourself in Tucson's rich history and culture. For outdoor enthusiasts, Arizona's a paradise, with iconic destinations like the Grand Canyon National Park and Sedona's mystical red rocks waiting to be explored. Whether you seek relaxation, adventure, or cultural immersion, Arizona has something for everyone. In addition to the cheap property taxes, Arizona also hosts several safest cities to live in the United States as well.

Live large for less in Arkansas, where property taxes average a wallet-friendly 0.64%, among the lowest in the nation! Score an affordable dream home with a typical price tag of $196,000. This also saves quite a lot from annual property tax liability which sits around $1,250 on average.

Crave city buzz? Fayetteville's got a thriving arts scene and a renowned university. Prefer a nature escape? Bentonville beckons with outdoor adventures and Ozark Mountain charm. History buffs? Explore Little Rock's rich heritage. Outdoor enthusiasts? Hike the Ouachita National Forest. Arkansas offers a delightful blend of affordability, charm, and natural beauty – come discover your perfect piece of paradise!

Idaho, with its stunning scenery and low property taxes, is a dream come true for many homebuyers. Boasting one of the cheapest property tax rates in the US at just 0.67%, the average home price of $380,000 makes it an even sweeter deal.

Craving the thrills of a city life? Boise sizzles with culture and outdoor adventures, while Coeur d'Alene charms with its lakeside beauty. Nature lovers, rejoice! From majestic mountains to pristine rivers and sprawling forests, Idaho's outdoor playground awaits. So, if you're seeking an affordable, scenic haven with endless possibilities, consider setting your sights on Idaho!

Tennessee charms homeowners with some of the lowest property taxes in the US, averaging just 0.67% – music to the ears of budget-conscious buyers! With an average home price of $287,200, Tennessee offers affordability without sacrificing excitement.

Immerse yourself in Nashville's music scene, hike the majestic Great Smoky Mountains, or discover Chattanooga's blend of city life and natural beauty. Knoxville beckons with outdoor adventures, while Franklin's rich history awaits history buffs. Tennessee truly has something for everyone, from vibrant cityscapes to charming small towns. So, start dreaming of your Tennessee life today!

Mississippi extends a warm welcome to those on a budget, boasting an average property tax rate of just 0.67%, positioning it among the most cost-effective states in the US. With a median home price of approximately $180,000—considerably below the national average—Mississippi offers affordable living without compromising charm.

Urban aficionados can embrace the cultural and historical tapestry of Jackson, while Madison provides a delightful small-town atmosphere. Nature enthusiasts can revel in Mississippi's diverse landscapes, from the Gulf Coast's pristine beaches to the picturesque hills and woodlands in the northern region. Mississippi stands as an appealing and budget-friendly haven, catering to various preferences.

Dreaming of low property taxes and a vibrant Southwest lifestyle? Look no further than New Mexico! Boasting some of the cheapest property taxes in the US at just 0.67%, New Mexico welcomes residents with open arms. The average home price of $263,000 makes it an attractive option for budget-conscious buyers.

Craving city life? Santa Fe's art scene and cultural immersion are unmatched. Albuquerque offers a blend of urban amenities and outdoor adventures, while Las Cruces charms with its laid-back vibe and stunning natural landscapes. From skiing the Sangre de Cristo Mountains to exploring the otherworldly White Sands National Park, New Mexico's diverse activities cater to every taste. Discover your perfect piece of the Southwest in New Mexico today!

Montana stands out as an attractive destination for frugal buyers, boasting property taxes averaging a mere 0.74%, making it one of America's most cost-effective states. Secure your slice of Big Sky Country for approximately $380,000, the standard price for a home in Montana.

Outdoor enthusiasts gravitate towards Bozeman, offering an abundance of adventure and a vibrant downtown scene. Meanwhile, Missoula caters to arts and nature aficionados, surrounded by awe-inspiring landscapes. Seekers of tranquility find solace in charming Kalispell, in proximity to Glacier National Park. History enthusiasts relish in Virginia City's remnants of the gold rush era. Montana promises an enriching and economical lifestyle amid its breathtaking scenery!

Dreaming of California without breaking the bank? Embrace the blend of sunshine and affordability in the Golden State, where a modest 0.75% property tax rate awaits – among the nation's lowest. However, the median home price hovers at $801,000, racking up the annual tax liabilities to over $6000.

California's diverse cities offer something for everyone. Indulge in San Diego's lively culture, explore San Francisco's inventive spirit, or soak up Los Angeles' perpetual sunshine. Seeking thrills? From Yosemite's majesty to Death Valley's enigmatic allure, California's natural wonders await. Uncover the state's affordability, cultural diversity, and boundless opportunities! In addition, it also offers several cheap places to rent, attracting young professionals.

Embrace the spacious lifestyle in North Carolina, where affordability and opportunity converge seamlessly! With property taxes among the nation's lowest, a mere 0.82%, North Carolina beckons newcomers with its welcoming affordability. At an average home price of $280,000, it's an enticing option for those entering the housing market or seeking a family-friendly environment.

Yearning for a thriving arts community and breathtaking mountain vistas? Asheville promises an enriching experience. Durham tantalizes food enthusiasts with its inventive culinary offerings, while Raleigh pulsates with dynamic energy as the state capital. Whether hiking the Appalachian Trail, kayaking the Outer Banks, or immersing in the wonders of the Great Smoky Mountains National Park, North Carolina caters to diverse interests and adventurers alike!

Apart from the top 20 cheapest states in terms of paying your property tax, other states are marginally more expensive. The highest property taxes in the US is in New Jersey, sitting at a whopping 2.23% of your property value per year.

Here is the list of property taxes by state 2024 with their respective real estate tax rates:

21. Kentucky: 0.83%

22. Indiana: 0.84%

23. Washington State: 0.87%

24. Virginia: 0.87%

25. Oklahoma: 0.89%

26. Florida: 0.91%

27. Georgia: 0.92%

28. Oregon: 0.93%

29. North Dakota: 0.98%

30. Missouri: 1.01%

31. Alaska: 1.04%

32. Maryland: 1.05%

33. Minnesota: 1.11%

34. Massachusetts: 1.14%

35. South Dakota: 1.17%

36. Maine: 1.24%

37. Kansas: 1.34%

38. Michigan: 1.38%

39. Rhode Island: 1.40%

40. New York: 1.40%

41. Pennsylvania: 1.49%

42. Iowa: 1.52%

43. Ohio: 1.59%

44. Wisconsin: 1.61%

45. Nebraska: 1.63%

46. Texas: 1.68%

47. Connecticut: 1.79%

48. Vermont: 1.83%

49. New Hampshire: 1.93%

50. Illinois: 2.08%

51. New Jersey: 2.23%