Home / Rankings / Lowest Property Taxes States with the Lowest Property Taxes (2026) Property taxes vary dramatically across the United States, from under 0.3% in Hawaii to over 2.4% in New Jersey. On a $350,000 home, that spread means a difference of more than $7,000 per year. Below are all 50 states ranked from lowest to highest effective property tax rate.
1
Hawaii Median: $830K Tax: 0.28% Insurance: $1,200/yr
2
Alabama Median: $230K Tax: 0.41% Insurance: $1,950/yr
3
Colorado Median: $520K Tax: 0.51% Insurance: $3,200/yr
4
Nevada Median: $425K Tax: 0.53% Insurance: $1,700/yr
5
Louisiana Median: $195K Tax: 0.55% Insurance: $3,500/yr
6
Delaware Median: $355K Tax: 0.56% Insurance: $1,300/yr
7
Tennessee Median: $340K Tax: 0.56% Insurance: $2,400/yr
9
Utah Median: $480K Tax: 0.58% Insurance: $1,200/yr
11
Wyoming Median: $340K Tax: 0.61% Insurance: $1,800/yr
12
Arizona Median: $380K Tax: 0.62% Insurance: $2,100/yr
13
Arkansas Median: $195K Tax: 0.62% Insurance: $2,500/yr
14
Idaho Median: $420K Tax: 0.63% Insurance: $1,600/yr
15
California Median: $785K Tax: 0.73% Insurance: $2,200/yr
16
Montana Median: $430K Tax: 0.74% Insurance: $2,100/yr
19
New Mexico Median: $280K Tax: 0.8% Insurance: $1,900/yr
20
Virginia Median: $400K Tax: 0.82% Insurance: $1,700/yr
21
Kentucky Median: $210K Tax: 0.83% Insurance: $2,400/yr
22
Indiana Median: $240K Tax: 0.84% Insurance: $1,700/yr
23
Florida Median: $395K Tax: 0.86% Insurance: $4,200/yr
24
Oklahoma Median: $210K Tax: 0.88% Insurance: $3,600/yr
25
Georgia Median: $340K Tax: 0.92% Insurance: $2,200/yr
26
Oregon Median: $480K Tax: 0.93% Insurance: $1,400/yr
27
Missouri Median: $235K Tax: 0.97% Insurance: $2,200/yr
29
Washington Median: $580K Tax: 0.98% Insurance: $1,600/yr
30
Maryland Median: $420K Tax: 1.09% Insurance: $1,700/yr
31
Minnesota Median: $335K Tax: 1.12% Insurance: $2,100/yr
32
Alaska Median: $350K Tax: 1.19% Insurance: $1,400/yr
35
Maine Median: $350K Tax: 1.3% Insurance: $1,300/yr
37
Kansas Median: $225K Tax: 1.41% Insurance: $2,900/yr
38
Iowa Median: $210K Tax: 1.52% Insurance: $1,800/yr
40
Michigan Median: $240K Tax: 1.54% Insurance: $1,800/yr
41
Ohio Median: $215K Tax: 1.56% Insurance: $1,400/yr
42
New York Median: $430K Tax: 1.72% Insurance: $2,100/yr
43
Nebraska Median: $245K Tax: 1.73% Insurance: $2,800/yr
44
Wisconsin Median: $280K Tax: 1.76% Insurance: $1,300/yr
45
Texas Median: $310K Tax: 1.8% Insurance: $3,800/yr
46
Vermont Median: $380K Tax: 1.9% Insurance: $1,100/yr
47
Illinois Median: $270K Tax: 2.07% Insurance: $1,900/yr
50
New Jersey Median: $505K Tax: 2.47% Insurance: $1,500/yr
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