Understanding Property Taxes Across States

Property taxes are one of the most significant ongoing costs of homeownership, and they vary enormously depending on where you buy.

How Property Taxes Work

Property taxes are assessed by local governments based on the assessed value of your property.

Highest Property Tax States

New Jersey (2.21%), Illinois (2.08%), New Hampshire (1.93%), Connecticut (1.79%), Vermont (1.73%).

Lowest Property Tax States

Hawaii (0.27%), Alabama (0.37%), Louisiana (0.51%), Colorado (0.52%), West Virginia (0.53%).