Special Report
This is the State With the Highest Property Taxes
April 15, 2023 12:35 pm
Last Updated: May 3, 2023 10:03 am
Source: JeffreyRasmussen / iStock via Getty Images
40. Arizona
> Effective property tax rate: 0.63%
> Property tax collections per capita: $1,206 (16th lowest)
> Median home value: $336,300 (15th highest)
> Median household income: $69,056 (20th highest)
> Property tax as a share of state and local tax revenue: 29.2% (22nd lowest)
Source: DenisTangneyJr / iStock via Getty Images
39. Arkansas
> Effective property tax rate: 0.64%
> Property tax collections per capita: $798 (3rd lowest)
> Median home value: $162,300 (3rd lowest)
> Median household income: $52,528 (4th lowest)
> Property tax as a share of state and local tax revenue: 18.4% (4th lowest)
24/7 Wall St.
Source: knowlesgallery / iStock via Getty Images
38. Idaho
> Effective property tax rate: 0.67%
> Property tax collections per capita: $1,131 (12th lowest)
> Median home value: $369,300 (11th highest)
> Median household income: $66,474 (24th lowest)
> Property tax as a share of state and local tax revenue: 27.8% (18th lowest)
Source: Kruck20 / iStock via Getty Images
37. Tennessee
> Effective property tax rate: 0.67%
> Property tax collections per capita: $845 (4th lowest)
> Median home value: $235,200 (22nd lowest)
> Median household income: $59,695 (10th lowest)
> Property tax as a share of state and local tax revenue: 22.7% (10th lowest)
Source: SeanPavonePhoto / iStock via Getty Images
36. Mississippi
> Effective property tax rate: 0.67%
> Property tax collections per capita: $1,167 (15th lowest)
> Median home value: $145,600 (2nd lowest)
> Median household income: $48,716 (the lowest)
> Property tax as a share of state and local tax revenue: 29.4% (23rd lowest)
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.
Editors' Picks
