Here's What Each State is Paying in Property Taxes This Year
Property taxes are a vital source of income for city, county, and state governments. The revenue goes toward schools, infrastructure projects, city and state employee salaries, and they may even pay for local fire, police, and EMT services. Property taxes aren’t cheap, but some states have it easier than others. WalletHub compiled data from the US Census Bureau and analyzed all 50 states and the District of Columbia in terms of real estate and vehicle property taxes.
The amount you pay in property taxes can vary greatly on where you live. How does your state rank on property taxes?
State Median Home Value: $615,300
Effective Real-Estate Tax Rate: 0.28%
Annual Taxes on Home Priced at State Median Value: $1,715