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: Sean Pavone / iStock via Getty Images
35. New Mexico
> Effective property tax rate: 0.67%
> Property tax collections per capita: $899 (6th lowest)
> Median home value: $214,000 (16th lowest)
> Median household income: $53,992 (6th lowest)
> Property tax as a share of state and local tax revenue: 18.0% (3rd lowest)
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34. Montana
> Effective property tax rate: 0.74%
> Property tax collections per capita: $1,806 (18th highest)
> Median home value: $322,800 (17th highest)
> Median household income: $63,249 (16th lowest)
> Property tax as a share of state and local tax revenue: 40.4% (8th highest)
24/7 Wall St.
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33. California
> Effective property tax rate: 0.75%
> Property tax collections per capita: $1,955 (15th highest)
> Median home value: $648,100 (2nd highest)
> Median household income: $84,907 (5th highest)
> Property tax as a share of state and local tax revenue: 27.9% (19th lowest)
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32. North Carolina
> Effective property tax rate: 0.82%
> Property tax collections per capita: $1,082 (10th lowest)
> Median home value: $236,900 (23rd lowest)
> Median household income: $61,972 (12th lowest)
> Property tax as a share of state and local tax revenue: 25.7% (15th lowest)
Source: Sean Pavone / iStock via Getty Images
31. Kentucky
> Effective property tax rate: 0.83%
> Property tax collections per capita: $33 (the lowest)
> Median home value: $173,300 (6th lowest)
> Median household income: $55,573 (7th lowest)
> Property tax as a share of state and local tax revenue: 21.0% (8th lowest)
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