Top 10 Highest Property Tax Rates

The property tax rates vary by state. A higher property tax rate usually means a higher pay to the state but it doesn’t end there. The median house price also matters. Let’s take Hawaii as an example. The state property tax rate is the lowest in the United States but it has the highest median house prices in the market. This makes Hawaiians pay considerably low property taxes even though the median house prices are the highest.

On average, those who are in New Jersey and New York pay the highest property tax. This is due to the high cost of owning a property. Another state that has high property taxes is California but the property tax rate isn’t as high as New Jersey. As of now, the California property tax rate is 0.76% while New Jersey and New York’s property tax rate is 1.71% and 2.47%.

Here is a breakdown of where the 10 highest property taxes are paid in the United States.

10. Texas

The Texas property tax rate is 1.81% and the average cost of a home is $177,100. While the cost of buying a home in Texas is cheap due to the low cost of purchasing a property, the property tax rate is quite high. On average, you can expect to pay about $5,350 in property taxes.

9. Vermont

Home values in Vermont have gone up over the last couple of years. This inevitably makes property taxes higher. The property tax rate in Vermont is just above Texas with 1.88% while the average cost of a house is $266,265. The average property tax paid in Vermont is $5,500.

8. California

Without a doubt, owning a house in California has a high cost. The median home value in California is over $500,000 which makes both owning a home and the property taxes expensive. As mentioned above, the California property tax rate is 0.76% which makes the average property tax around $5,550.

7. Rhode Island

The median home value in Rhode Island is about $309,658. Added with the 1.66% property tax rate, the average property tax paid in Rhode Island is a little over of California’s with $5,600.

6. District of Columbia

Paying $0.85 for every $100 in assessed value makes property taxes high. Given the median home value in DC is over $600,000 the property taxes are a big burden on DC resident’s shoulders. The average property tax paid in DC is $5,650.

5. Massachusetts

The property tax rate in Massachusetts is 1.23% while the median home value is $470,000. Compared to most other states, both the property tax rate and the median home value is a little bit higher. On average, expect to pay about $6,000 in property taxes every year.

4. New Hampshire

While New Hampshire no longer has a state income tax, the average property taxes paid is the 4th highest in the United States. The New Hampshire residents pay about $6,250 in property taxes every year with the 2.20% property tax rate. It is the third highest property tax rate in the United States.

3. New York

The median price of homes in New York is $760,000 when you look at the market. In actuality though, the median price of homes that are sold is much lower at $573,000. While the cost of buying a home in New York is very high, the property tax rate is 1.71%. Altogether this means New Yorkers pay close to $7,000 in property taxes on average.

2. Connecticut

With the fourth-highest property tax rate at 2.11% and $259,855 median home value, the average property tax paid in Connecticut is just over $7,000, making it the second-highest state for the property taxes.

1. New Jersey

At the top of our list—surpassing every state by far, it’s New Jersey. Both the median home price and the property tax rate is high, making the property taxes paid the highest in the United States. As of now, the median home price listed in the markets is $340,000 while the property tax rate is the highest at 2.47%.