Property Taxes By State 2024: Ranked Lowest to Highest

Key takeaways on state property taxes in the USProperty taxes are based on the assessed value of a home and vary depending on the tax rate and property value. If you own a high value property in a lower-tax state, you may still pay more than on a modest home in a higher-tax state. 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.There are 14 counties with an estimated median property tax above $10,000 across California, New York, New Jersey and Virginia. If you're looking for states with no property tax, you won't find any in the US. There are no states without property tax in 2024, although Texas recently passed the biggest property tax cuts in history and there are five US states offering tax relief, credits or rebates. These are Colorado, Indiana, Pennsylvani...