Low vs High Property Tax States
Hello again,
I am spending my Friday evening researching real estate markets.
I have organized the states by low, moderate, or high property taxes. I hope this can be a useful quick reference to others.
---
As of 2020, the US national average property tax rate is 1.1%
LOW PROPERTY TAXES (<0.81%)
WEST
Hawaii
Colorado
Nevada
Wyoming
Utah
Arizona
Idaho
California
New Mexico
MIDWEST
SOUTH
Alabama
Louisiana
South Carolina
West Virginia
Arkansas
Tennessee
Mississippi
NORTHEAST
Washington, D.C.
Delaware
MODERATE PROPERTY TAXES (0.82%-1.40%)
WEST
Montana
Oregon
Washington
Alaska
MIDWEST
Indiana
Oklahoma
Missouri
North Dakota
Minnesota
South Dakota
Kansas
SOUTH
Virginia
North Carolina
Kentucky
Florida
Georgia
NORTHEAST
Maryland
Massachusetts
Maine
HIGH PROPERTY TAXES (>1.41%)
WEST
MIDWEST
Michigan
Ohio
Iowa
Nebraska
Wisconsin
Illinois
SOUTH
Texas
NORTHEAST
Pennsylvania
Rhode Island
New York
Vermont
Connecticut
New Hampshire
New Jersey
Cross reference this with my landlord vs tenant friendly states list to get some general ideas for OOS investing locations. There are of course many factors to consider and variations within each state.
P.S. If you see any errors or have any thoughts, feel free to share :)