Special Report

States With the Highest and Lowest Property Taxes

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45. South Carolina
> Avg. property taxes paid: 0.56% of home value
> Per capita property taxes: $1,201 (19th lowest)
> Median home value: $170,800 (15th lowest)
> Homeownership rate: 69.3% (12th highest)
> Median household income: $52,306 (9th lowest)

Homeowners in South Carolina pay an average of only about half a percent of their home value in property taxes per year, well below the average effective property tax rate of 1.1% nationwide. Property taxes are often used to fund public school systems, and in South Carolina, per pupil education spending is lower than in most other states.

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44. Colorado
> Avg. property taxes paid: 0.56% of home value
> Per capita property taxes: $1,542 (24th highest)
> Median home value: $373,300 (4th highest)
> Homeownership rate: 65.1% (15th lowest)
> Median household income: $71,953 (11th highest)

The typical home in Colorado is worth $373,300, about $150,000 more than the national median home value. Partially as a result, Colorado has relatively high property tax collections per capita, despite having one of the lowest effective property tax rates of any state.

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43. Delaware
> Avg. property taxes paid: 0.58% of home value
> Per capita property taxes: $923 (8th lowest)
> Median home value: $255,300 (17th highest)
> Homeownership rate: 71.0% (8th highest)
> Median household income: $64,805 (16th highest)

With an effective property tax rate of 0.58% — well below the 1.1% national average — Delaware is one of only 10 states nationwide where annual per capita property tax collections are less than $1,000. Partially as a result, just 18.9% of state and local tax revenue in the state come from property taxes, well below the 31.9% national average.

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42. Utah
> Avg. property taxes paid: 0.62% of home value
> Per capita property taxes: $1,037 (14th lowest)
> Median home value: $303,300 (10th highest)
> Homeownership rate: 70.5% (10th highest)
> Median household income: $71,414 (12th highest)

Utah is one of three Western states in the continental U.S. to rank among the 10 states with the lowest effective property tax rates. Property taxes are often used to fund public school systems, and in Utah, per pupil education spending at the elementary and secondary levels is just $7,179, lower than in every other state.

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41. Arkansas
> Avg. property taxes paid: 0.64% of home value
> Per capita property taxes: $740 (3rd lowest)
> Median home value: $133,100 (3rd lowest)
> Homeownership rate: 65.8% (20th lowest)
> Median household income: $47,062 (3rd lowest)

With one of the lowest median home values in the country and one of the lowest effective property tax rates of any state, property tax collections per capita in Arkansas are just $740, less than half the $1,617 national average. Just 18.5% of state and local tax revenue in Arkansas comes from property tax, the second smallest share of any state.

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