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States With the Lowest Property Taxes

Gabrielle Olya

March 17, 2024 at 3:00 p.m.·3 min read

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Owning a home comes with several expenses that go beyond your mortgage. Depending on where you live, you might have to pay HOA fees, and no matter where you are, you will have to pay property taxes. The property taxes you owe vary widely by state, ranging from 0.32% all the way up to 2.23%.

Find Out: Top 7 Countries with Zero Income Tax
Read More: Owe Money to the IRS? Most People Don’t Realize They Should Do This One Thing

If you’re looking to save on property taxes, consider buying property in one of these states where the typical property tax rate is under 1%.

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1. Hawaii

Typical property tax rate: 0.32%

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2. Alabama

Typical property tax rate: 0.40%

Discover More: Billionaires vs. the Middle Class: Who Pays More in Taxes?

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3. Colorado

Typical property tax rate: 0.55%

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4. Louisiana

Typical property tax rate: 0.56%

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4. Wyoming

Typical property tax rate: 0.56%

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6. South Carolina

Typical property tax rate: 0.57%

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6. Utah

Typical property tax rate: 0.57%

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6. West Virginia

Typical property tax rate: 0.57%

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9. Nevada

Typical property tax rate: 0.59%

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10. Delaware

Typical property tax rate: 0.61%

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11. Arizona

Typical property tax rate: 0.63%

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12. Arkansas

Typical property tax rate: 0.64%

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13. Idaho

Typical property tax rate: 0.67%

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13. Mississippi

Typical property tax rate: 0.67%

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13. New Mexico

Typical property tax rate: 0.67%

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13. Tennessee

Typical property tax rate: 0.67%

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17. Montana

Typical property tax rate: 0.74%

Check Out: I’m a Real Estate Agent: 5 Cities Where Homes Will Be the Best Bargains in 2024

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18. California

Typical property tax rate: 0.75%

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19. North Carolina

Typical property tax rate: 0.82%

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20. Kentucky

Typical property tax rate: 0.83%

Explore More: These 5 Cities Are Becoming Popular With Baby Boomers: Should You Consider Them for Your Retirement Years?

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21. Indiana

Typical property tax rate: 0.84%

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22. Virginia

Typical property tax rate: 0.87%

©Zillow

22. Washington

Typical property tax rate: 0.87%

Read More: Barbara Corcoran Says Now Is the ‘Best Time’ To Buy a House: Here’s Why

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24. Oklahoma

Typical property tax rate: 0.89%

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25. Florida

Typical property tax rate: 0.91%

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26. Georgia

Typical property tax rate: 0.92%

Learn More: 5 Types of Homes That Will Plummet in Value in 2024

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27. Oregon

Typical property tax rate: 0.93%

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28. North Dakota

Typical property tax rate: 0.98%

Methodology: GOBankingRates used TaxFoundation data to find the states with the lowest property taxes. All data is up to date as of Dec. 6, 2023.

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This article originally appeared on GOBankingRates.com: States With the Lowest Property Taxes

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