U.S. States with Highest and Lowest Property Taxes Ranked

WalletHub has released a ranking of all 50 U.S. states and the District of Columbia based on property tax rates, highlighting significant disparities across the country. The analysis reveals that states in the Northeast and Midwest tend to have the highest property taxes, while those in the South and West generally have lower rates. New Jersey tops the list with the highest effective property tax rate, followed by Illinois, New Hampshire, Connecticut, and Vermont. On the other end, Hawaii has the lowest property tax rate, with Alabama, Colorado, Louisiana, and the District of Columbia also ranking among the lowest. The study uses data from the U.S. Census Bureau to calculate effective tax rates based on median home values. These differences can have major implications for homeowners, affecting affordability and decisions about where to live.