Key points
- The property taxes are paid by the homeowners on the assessed value.
- 1.10% is the average property tax rate in the United States.
- The average taxes on the property varies from the state by 0.28% to 2.49%.
The state in which you are living makes a big difference in the taxes on your property. Property taxes are one of the most important things for homeowners. You have to pay taxes to your state and local municipality regardless of whether your home is paid off or not. The property tax assessment determines the amount of tax you have to pay. The average taxation rate in the United States is 1.10%.
The property taxes cannot be avoided and the rates are very much lower in some areas compared to others. From State to state the average rate of taxes ranges from low 0.28% to high 2.49%.
If you want to compare the different rates of the different states, then read the article below with the Top 10 States with lower property tax. The list below also contains the price of the houses provided by Zillow’s Home Value Index (ZHVI).
1. Hawaii
The Property tax in Hawaii is 0.28%. The typical price of the house is $1,038,544. Hawaii is one of the places that had the lowest taxes on the property. The typical price of a home in Hawaii is starting from over $1 million, the highest in the United States. If you are planning to move here then you should have the best mortgage lender as it is the most expensive place in the United States.
2. Alabama
The property tax in Alabama is 0.41%. The typical home price in Alabama is $204,965. This is one of the most reliable and affordable places to get home. Alabama has lower average prices for homes, and homeowners do not have to pay much higher property taxes.
The Standard of living is not much high here but average. Alabama stood at last third in the quality of life metrics like health, Safety, and education calculated by the Organization for Economic Cooperation and Development.
3. Colorado
The property tax in Colorado is 0.51%. The typical process for a home here is $604,911. Colorado is the other state with low property taxes but has high prices for the home. In 2021, the house prices here were a bit raised. This place has the sixth highest typical process from home in the United States. The state is famous for its outside view of beautiful landscapes and mesmerizing mountains. The corporation and income taxes here are also low.
4. Louisiana
The standard of living including property taxes, typical home prices, and daily living expenses in Louisiana is low. The state is a mixture of diverse groups. The people living in the state carries different culture and background. The property tax here is 0.55%. The typical home price is $214,522. Louisiana is considered one of the most interesting and fun places to live here. This place is considered one of the places with the highest poverty rates in the United States.
5. Washington, D.C.
Technically, Washington DC is not a state,
But it has its taxes on property that are typically low. The property tax is 0.56%. And the typical price of a home is $826,124. This place is considered the state to have the second highest home prices. The United States’ best public transportation system is in Washington DC. If you do not have your car then you don’t have to worry.
6. Delaware
Delaware is the first and smallest state as it has a population of under one million. The property tax is 0.57%. The typical home price is $355,181. The property taxes in this state is much lower but they are adjusted with the high home price near the typical price. Delaware does not have sales taxes and retirement income exemption which helps the people of the place save money.
7. South Carolina
South Carolina is popular among people looking for homes with outdoor recreation areas. This place has an affordable cost of living. The property tax is 0.57% and the typical home price is $293,445. The climate here is warm and has amazing outdoor activities to perform. The prices of houses are cheaper than average. With the low property taxes, this place looks more attractive.
8. West Virginia
The affordable state in the United States is West Virginia. The Property tax here is 0.58%. The typical home price is $137,286. The state with the lowest home prices, cheapest property taxes and mountain view makes it more attractive. This is a state with not very large cities and towns but has primarily rural areas. The jobs in this state are not that much best but are filled with remote workers. This place may be a little difficult for people who are not remote workers.
9. Nevada
Nevada does not make it difficult for the residents with high Taxes as it has typically lower taxes on property in the western region of the United States. The property tax is 0.60%. And the Typical home price is $484,530. This place also does not have a state income tax. Nevada is popularly known for its attractive recreational areas like Las Vegas, Great Basin National Park, and Lake Tahoe.
10. Wyoming
Wyoming stands in the list of the top ten American states that have low property taxes. The Property tax here is 0.61%. And the Typical home price is $320,939. This is a state with a lower population of fewer than 600,000 people. The place is considered the state with the second lowest population density after Alaska. People looking for an area with small towns, then they can opt for Wyoming. This is a remote area without metropolitan cities.
If you are looking for homes in The United States you can go for the above-mentioned states with lower property taxes.
