{"id":99211,"date":"2018-05-16T14:30:12","date_gmt":"2018-05-16T20:30:12","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=99211"},"modified":"2021-03-16T13:55:16","modified_gmt":"2021-03-16T19:55:16","slug":"best-property-taxes","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/best-property-taxes","title":{"rendered":"These Are the Best Counties for Property Taxes\u2014by Region"},"content":{"rendered":"

Property taxes can make or break a home purchase. Consider certain regions of the Northeast where property taxes are notoriously high\u2014like Hunterdon County, New Jersey (which has the third-highest property taxes in the country),<\/a> where I grew up. When we sold our family home (assessed at $548,700) in 2009, our property taxes were an outrageous $15,620. Today I live in a home of similar value in Jefferson County, Colorado, where I pay less than $3,000 a year in property taxes.<\/p>\n

Between 2011 and 2015, according to analysis by the U.S. Census Bureau, the median annual property tax bill in the U.S. was around $2,150. But this increased to $10,000 a year or more in some areas of the northeast (including New Jersey) during that time period.<\/p>\n

This week, information company RewardExpert<\/a>\u00a0released its ranking of the Best U.S. Counties for Property Taxes <\/i><\/a>\u2014\u00a0<\/i><\/b>in hopes of helping prospective homebuyers catch a break on their next property purchase. \u201cBuying a home is a big move and is often a family\u2019s biggest financial investment,\u201d said RewardExpert co-founder and CEO Roman Shteyn in a press release. \u201cIt can seem unfair to continue paying for a house that has already been bought and paid for, so choosing the right place to invest can help mitigate long-term expenses.\u201d<\/p>\n

The report identifies the top five counties in the six major geographical regions of the country: northeast, south atlantic, south central, midwest, mountain west, and pacific west. The full report can be viewed here<\/a>, but we\u2019ll look at the top counties in each region in this post.<\/p>\n

Related:<\/strong>\u00a0Property Taxes \u2013 Definition and Their Role in Real Estate Investing<\/a><\/em><\/p>\n

Northeast<\/h2>\n

Sussex County, Delaware<\/h3>\n

This coastal county situated on the Delmarva Peninsula takes first place in the region, thanks to its assessment ratio: the county only levies taxes on 50 percent of a property\u2019s market value, reducing its already low .75 percent property tax to an effective .37 percent rate.
\nAverage annual tax bill in Sussex County: $1,228<\/strong><\/p>\n

South Atlantic<\/h2>\n

Darlington County, South Carolina<\/h3>\n

South Carolina assess property at full market value, but the first $100,000 of a home\u2019s assessed value is exempt. The median property value in this county (northwest of Myrtle Beach) is $139,00, which results in a tax bill based only on $39,000.
\nAverage annual tax bill in Darlington County: $146<\/strong><\/p>\n

\"\"<\/p>\n

South Central<\/h2>\n

Crawford County, Arkansas<\/h3>\n

The south central region is dominated by counties in Arkansas and New Mexico \u2014 due to low property assessments there. In the Ozarks’ Crawford County, property tax bills amount to just over one-tenth of a percent of the average home value.
\nAverage annual tax bill in Crawford County: $192<\/strong><\/p>\n

Related:<\/strong>\u00a07 Common Myths About Rental Property Taxation\u2014Dispelled<\/a><\/em><\/p>\n

Midwest<\/h2>\n

Grant County, Indiana<\/h3>\n

Grant County homes have a median sale price of $75,945, and tax bills here are the lowest in the country.
\nAverage annual tax bill in Grant County: $24.50<\/strong><\/p>\n

Mountain West<\/h2>\n

Pueblo County, Colorado<\/h3>\n

Colorado sweeps the region for low property taxes. Here, residential property is assessed at a very low 7.96 percent of fair market value. Pueblo County offers modest property values (an average home sells for $205,000) and exceptionally affordable yearly tax bills.
\nAverage annual tax bill in Pueblo County: $371<\/strong><\/p>\n

Pacific West<\/h2>\n

Klamath County, Oregon<\/h3>\n

Beautiful Klamath County is home to some of the most affordable real estate in the region (the median sale price is $194,000). The county charges a reasonable 1.23 percent tax rate, and Oregon has no property transfer tax.
\nAverage annual tax bill in Klamath County: $2,378<\/strong><\/p>\n

For more on nationwide property tax burdens, check out this interactive map!<\/a><\/p>\n

\"\"<\/a><\/p>\n

What do you think about the drastic tax differences by region? <\/em><\/p>\n

Share with us below!<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Information company RewardExpert this week released its ranking of U.S. counties with the lowest property taxes \u2014 in hopes of helping prospective homebuyers catch a break on their next property purchase.<\/p>\n","protected":false},"author":306668,"featured_media":99212,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5528],"tags":[],"class_list":["post-99211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-news"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/99211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/306668"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=99211"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/99211\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/99212"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=99211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=99211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=99211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}