States With the Highest and Lowest Property Taxes

Virginia residents pay a property tax rate of 0.86% of their overall home value, a lower share than the national average. However, the typical home in the state is worth $281,700 — about $52,000 more than the typical American home. The per capita property taxes paid are therefore higher than they are in most states, at $1,652.

Homeowners in Indiana pay an average of just 0.87% of their home value in property taxes every year, one of the smaller shares among states. The low effective property tax rate, coupled with the relatively low statewide median home value of $147,300, translates to especially low property taxes per capita. Property tax per capita in Indiana is just $1,041 a year, less than in most other states.

The effective property tax in Oklahoma is just 0.88%, less than the 1.1% national average. Home values are also relatively low in the state, with the typical home valued at $140,000, about $90,000 less than the typical home nationwide. Partially as a result, the actual dollar value of property tax paid per capita basis is nearly the lowest in the country, at just $730.

Washington state’s effective property tax rate of 0.92% is lower than that of most states and below the 1.1% national average. Additionally, Washington is one of only a handful of states that does not levy a personal income tax. As a result, the bulk of government funding in the state comes from sales tax, which accounts for 46.4% of total tax revenue, the largest such share of any state.

Georgia is a relatively low tax state. The effective property tax rate in Georgia of 0.92% is slightly below the national average, and overall state and local tax collections in the state are equal to $3,739, well below the $5,073 average collection across all states. Higher taxes can result in reduced dependence of federal funding, and federal aid accounts for over a third of Georgia’s general revenue, well above the 22.7% national average.