Property Taxes by States

Map

Table

Introduction

The property tax, also known as the millage rate, is one of the primary sources of revenue generated by state authorities. It is measured based on the real market value (assessed value) of the property and varies from state to state. The money from property taxes generally goes towards community projects, such as infrastructure development, public school improvements, or other essential services. 

The assessment of property tax is known as the mill, and it is calculated through the multiplication of the state tax rate, the value of the property, and the assessment ratio (a portion of value subject to tax). This is often influenced by external as well as internal market factors, like the availability of land, the location of the land, and the state it was assessed in. 

Generally, legislation on property tax falls upon the shoulders of state governments, but the federal government does occasionally issue legislation regarding issues such as the Residential Solar Opportunity Act of 2021, where property tax credit is provided to energy-efficient households. Other legislation like the SALT Act, introduced to the Senate, aims to reduce the limitations on tax deductibles for property and income taxes for the year 2021. 

If you want to learn more about property taxes as well as which states have the best rates, you can refer to the data in the charts.

#StateProperty Tax RateIncome Tax RateCorporate Tax RateState-Local Tax Burden
1Hawaii0.31%1.4%6.4%14.1%
2Alabama0.37%2%6.5%9.8%
3Louisiana0.51%1.85%7.5%9.1%
4Wyoming0.51%0%0%7.5%
5Colorado0.52%4.55%4.6%9.7%
6South Carolina0.53%0%5%8.9%
7West Virginia0.53%3%6.5%9.8%
8Nevada0.56%0%0%9.6%
9Utah0.56%4.95%4.9%12.1%
10Delaware0.59%2.2%8.7%12.4%
11New Mexico0.59%1.7%5.9%10.2%
12Arizona0.6%2.59%4.9%9.5%
13Arkansas0.61%2%5.3%10.2%
14Mississippi0.63%4%5%9.8%
15Tennessee0.63%0%6.5%7.6%
16Idaho0.65%1%5.8%10.7%
17California0.7%1%8.8%13.5%
18Montana0.74%1%6.8%10.5%
19Kentucky0.78%5%5%9.6%
20North Carolina0.78%4.99%2.5%9.9%
21Indiana0.81%3.23%4.9%9.3%
22Oklahoma0.83%0.25%4%9%
23Virginia0.84%2%6%12.5%
24Washington0.84%7%0%10.7%
25Florida0.86%0%5.5%9.1%
26Georgia0.87%1%5.8%8.9%
27North Dakota0.88%1.1%4.3%8.8%
28Oregon0.91%4.75%7.6%10.8%
29Missouri0.96%1.5%4%9.3%
30Alaska0.98%0%9.4%4.6%
31Maryland1.01%2%8.3%11.3%
32Minnesota1.05%5.35%9.8%12.1%
33Massachusetts1.08%5%8%11.5%
34South Dakota1.14%0%0%8.4%
35Maine1.2%5.8%8.9%12.4%
36Kansas1.28%3.1%7%11.2%
37New York1.3%4%7.3%15.9%
38Rhode Island1.37%3.75%7%11.4%
39Iowa1.43%0.33%8.4%11.2%
40Pennsylvania1.43%3.07%9%10.6%
41Ohio1.52%2.77%0%10%
42Michigan1.53%4.25%6%8.6%
43Wisconsin1.53%3.54%7.9%10.9%
44Nebraska1.54%2.46%7.3%11.5%
45Texas1.6%0%0%8.6%
46Connecticut1.73%3%7.5%15.4%
47Vermont1.76%3.35%8.5%13.6%
48New Hampshire1.89%5%7.5%9.6%
49Illinois1.97%4.95%9.5%12.9%
50New Jersey2.13%1.4%11.5%13.2%

Property Tax Rate by State

Alabama

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Ranked in the US

#2

Ranked in the US

#21

Ranked in the US

#26

Ranked in the US

#20

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

Alaska

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Ranked in the US

#30

Ranked in the US

#1

Ranked in the US

#48

Ranked in the US

#1

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

Arizona

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Ranked in the US

#12

Ranked in the US

#27

Ranked in the US

#12

Ranked in the US

#15

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

Arkansas

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Ranked in the US

#13

Ranked in the US

#22

Ranked in the US

#18

Ranked in the US

#25

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

California

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Ranked in the US

#17

Ranked in the US

#11

Ranked in the US

#45

Ranked in the US

#47

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

Colorado

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Ranked in the US

#5

Ranked in the US

#41

Ranked in the US

#11

Ranked in the US

#19

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

Connecticut

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Ranked in the US

#46

Ranked in the US

#29

Ranked in the US

#34

Ranked in the US

#50

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

Delaware

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Ranked in the US

#10

Ranked in the US

#25

Ranked in the US

#44

Ranked in the US

#42

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

Florida

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Ranked in the US

#25

Ranked in the US

#2

Ranked in the US

#19

Ranked in the US

#11

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

Georgia

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Ranked in the US

#26

Ranked in the US

#12

Ranked in the US

#20

Ranked in the US

#8

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

Hawaii

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Ranked in the US

#1

Ranked in the US

#16

Ranked in the US

#25

Ranked in the US

#49

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

Idaho

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Ranked in the US

#16

Ranked in the US

#13

Ranked in the US

#21

Ranked in the US

#29

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

Illinois

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Ranked in the US

#49

Ranked in the US

#43

Ranked in the US

#49

Ranked in the US

#45

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

Indiana

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Ranked in the US

#21

Ranked in the US

#33

Ranked in the US

#13

Ranked in the US

#13

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

Iowa

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Ranked in the US

#39

Ranked in the US

#10

Ranked in the US

#42

Ranked in the US

#33

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

Kansas

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Ranked in the US

#36

Ranked in the US

#32

Ranked in the US

#30

Ranked in the US

#34

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

Kentucky

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Ranked in the US

#19

Ranked in the US

#46

Ranked in the US

#15

Ranked in the US

#16

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

Louisiana

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Ranked in the US

#3

Ranked in the US

#20

Ranked in the US

#35

Ranked in the US

#12

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

Maine

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Ranked in the US

#35

Ranked in the US

#50

Ranked in the US

#46

Ranked in the US

#43

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

Maryland

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Ranked in the US

#31

Ranked in the US

#23

Ranked in the US

#41

Ranked in the US

#35

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

Massachusetts

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Ranked in the US

#33

Ranked in the US

#47

Ranked in the US

#39

Ranked in the US

#37

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

Michigan

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Ranked in the US

#42

Ranked in the US

#40

Ranked in the US

#23

Ranked in the US

#5

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

Minnesota

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Ranked in the US

#32

Ranked in the US

#49

Ranked in the US

#50

Ranked in the US

#40

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

Mississippi

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Ranked in the US

#14

Ranked in the US

#38

Ranked in the US

#16

Ranked in the US

#21

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

Missouri

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Ranked in the US

#29

Ranked in the US

#18

Ranked in the US

#8

Ranked in the US

#14

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

Montana

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Ranked in the US

#18

Ranked in the US

#14

Ranked in the US

#29

Ranked in the US

#27

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

Nebraska

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Ranked in the US

#44

Ranked in the US

#26

Ranked in the US

#32

Ranked in the US

#38

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

Nevada

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Ranked in the US

#8

Ranked in the US

#3

Ranked in the US

#1

Ranked in the US

#17

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

New Hampshire

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Ranked in the US

#48

Ranked in the US

#48

Ranked in the US

#36

Ranked in the US

#18

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

New Jersey

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Ranked in the US

#50

Ranked in the US

#17

Ranked in the US

#51

Ranked in the US

#46

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

New Mexico

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Ranked in the US

#11

Ranked in the US

#19

Ranked in the US

#22

Ranked in the US

#26

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

New York

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Ranked in the US

#37

Ranked in the US

#39

Ranked in the US

#33

Ranked in the US

#51

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

North Carolina

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Ranked in the US

#20

Ranked in the US

#45

Ranked in the US

#7

Ranked in the US

#23

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

North Dakota

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Ranked in the US

#27

Ranked in the US

#15

Ranked in the US

#10

Ranked in the US

#7

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

Ohio

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Ranked in the US

#41

Ranked in the US

#28

Ranked in the US

#2

Ranked in the US

#24

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

Oklahoma

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Ranked in the US

#22

Ranked in the US

#9

Ranked in the US

#9

Ranked in the US

#10

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

Oregon

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Ranked in the US

#28

Ranked in the US

#42

Ranked in the US

#37

Ranked in the US

#31

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

Pennsylvania

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Ranked in the US

#40

Ranked in the US

#31

Ranked in the US

#47

Ranked in the US

#28

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

Rhode Island

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Ranked in the US

#38

Ranked in the US

#36

Ranked in the US

#31

Ranked in the US

#36

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

South Carolina

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Ranked in the US

#6

Ranked in the US

#4

Ranked in the US

#17

Ranked in the US

#9

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

South Dakota

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Ranked in the US

#34

Ranked in the US

#5

Ranked in the US

#3

Ranked in the US

#4

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

Tennessee

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Ranked in the US

#15

Ranked in the US

#6

Ranked in the US

#27

Ranked in the US

#3

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

Texas

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Ranked in the US

#45

Ranked in the US

#7

Ranked in the US

#4

Ranked in the US

#6

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

Utah

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Ranked in the US

#9

Ranked in the US

#44

Ranked in the US

#14

Ranked in the US

#41

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

Vermont

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Ranked in the US

#47

Ranked in the US

#34

Ranked in the US

#43

Ranked in the US

#48

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

Virginia

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Ranked in the US

#23

Ranked in the US

#24

Ranked in the US

#24

Ranked in the US

#44

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

Washington

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Ranked in the US

#24

Ranked in the US

#51

Ranked in the US

#5

Ranked in the US

#30

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

West Virginia

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Ranked in the US

#7

Ranked in the US

#30

Ranked in the US

#28

Ranked in the US

#22

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

Wisconsin

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Ranked in the US

#43

Ranked in the US

#35

Ranked in the US

#38

Ranked in the US

#32

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden

Wyoming

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Ranked in the US

#4

Ranked in the US

#8

Ranked in the US

#6

Ranked in the US

#2

Property Tax Rate

Income Tax Rate

Corporate Tax Rate

State-Local Tax Burden