The Ultimate Guide to States with the Lowest Property Taxes: A Comprehensive Analysis

Property taxes are a significant expense for homeowners, and the amount you pay can vary greatly depending on where you live. If you’re looking to save money on your property taxes, it’s important to choose a state with a low property tax rate.

In this guide, we’ll take a comprehensive look at the states with the lowest property taxes in the U.S. We’ll provide you with all the information you need to make an informed decision about where to buy your next home.

States with the Lowest Property Taxes

According to a recent study by SmartAsset, the states with the lowest property taxes in 2024 are:

  1. Hawaii (0.29%)
  2. Alabama (0.41%)
  3. Colorado (0.51%)
  4. Nevada (0.55%)
  5. South Carolina (0.56%)
  6. Louisiana (0.56%)
  7. District of Columbia (0.57%)
  8. Utah (0.58%)
  9. Delaware (0.58%)
  10. West Virginia (0.59%)

Factors to Consider When Choosing a State with Low Property Taxes

When choosing a state with low property taxes, there are a few factors to consider:

  • The overall cost of living: Property taxes are just one part of the overall cost of living in a state. Be sure to consider other factors, such as housing costs, food costs, and transportation costs, before making a decision.
  • The quality of life: The quality of life in a state can also be a factor to consider. Some states with low property taxes may also have lower levels of education, healthcare, and other public services.
  • Your personal financial situation: Your personal financial situation will also play a role in your decision. If you’re on a tight budget, you may want to choose a state with very low property taxes. However, if you can afford to pay a bit more in property taxes, you may want to consider a state with a higher quality of life.

Choosing a state with low property taxes can save you a significant amount of money over the long term. By considering the factors discussed in this guide, you can make an informed decision about where to buy your next home.

Additional Resources

Affordable Living: 10 States With the Lowest Property Taxes


Which states have the lowest property tax?

The states with lowest property tax include Hawaii with the lowest property tax rate at 0.29%, followed by states like Alabama, Colorado, Nevada, and Louisiana. New Jersey has the highest property tax rate at 2.47%, followed by Illinois, Connecticut, New Hampshire, and Vermont.

What state pays highest property taxes?

Hawaii is the state with the lowest real estate property tax rate, while New Jersey is the state with the highest, according to personal finance site WalletHub. In a report released Feb. 20, WalletHub determined the states with the highest and lowest property taxes.

At what age do you stop paying property taxes in Texas?

You may be aware that seniors can apply for an exemption from Texas property taxes. This is true: when you reach the age of 65, you can file an affidavit with the chief appraiser in your district to exempt yourself from the collection of taxes on your property.

Which state has the highest property tax rate?

The Aloha state has a home median value of $662,100. For a comparison with New Jersey, the state with the highest effective property tax rate in the nation at 2.47%, Hawaii’s home median value is just over twice the home median value of the Garden State ($355,700). Hawaiian homeowners pay $1,893 in median real estate taxes per year. 2. Alabama

Where are property taxes highest and lowest?

The highest property taxes are mostly in cities in the Northeast and coastal California. The lowest rates are mostly in the South and Southwest and, surprisingly, in Hawaii. Some states offer individual credits and exemptions to qualified homeowners, which can further reduce the effective property tax rate.

Which Tennessee counties have the lowest property tax rates?

The Tennessee counties with the lowest effective property tax rates are Sevier County (0.37%) and Cumberland and DeKalb Counties (0.38%). The three counties in Texas with the highest effective property tax rates are Mitchell County (2.72%), Sherman County (2.51%), and El Paso County (2.42%).

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