Special Report

States With the Highest (and Lowest) Property Taxes

Morgantown, West Virginia
Source: Thinkstock

45. West Virginia
>Effective property tax rate:
0.59%
> Median home value: $103,900 (the lowest)
> Property taxes paid per tax return: $1,546 (2nd lowest)
> County paying the most in real estate taxes: Jefferson County
> Property taxes paid per tax return in Jefferson County: $1,892

Telluride, Colorado
Source: Thinkstock

44. Colorado
>Effective property tax rate:
0.61%
> Median home value: $255,200 (9th highest)
> Property taxes paid per tax return: $2,555 (17th lowest)
> County paying the most in real estate taxes: Pitkin County
> Property taxes paid per tax return in Pitkin County: $6,653

Wyoming
Source: Thinkstock

43. Wyoming
>Effective property tax rate:
0.61%
> Median home value: $201,000 (18th highest)
> Property taxes paid per tax return: $2,457 (13th lowest)
> County paying the most in real estate taxes: Teton County
> Property taxes paid per tax return in Teton County: $9,283

Hot Springs, Arkansas
Source: Thinkstock

42. Arkansas
>Effective property tax rate:
0.62%
> Median home value: $112,500 (3rd lowest)
> Property taxes paid per tax return: $1,791 (3rd lowest)
> County paying the most in real estate taxes: Pulaski County
> Property taxes paid per tax return in Pulaski County: $2,531

House, Park City, Utah
Source: Thinkstock

41. Utah
>Effective property tax rate:
0.68%
> Median home value: $223,200 (16th highest)
> Property taxes paid per tax return: $2,261 (10th lowest)
> County paying the most in real estate taxes: Summit County
> Property taxes paid per tax return in Summit County: $4,290

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.