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// 2024 PROPERTY TAX DATA
PROPERTY TAX BY STATE
Effective property tax rates across all 50 states and DC. Essential for accurate PITI calculations when evaluating homes near any duty station.
WHY THIS MATTERS FOR VA LOANS
Property tax is part of your PITI — the "T." A 1.0% tax on a $300,000 home adds $250/month to your payment. A 2.5% rate adds $625/month. The difference between living in New Jersey vs. Hawaii on a $400,000 home is over $8,000/year in property taxes alone. Factor this into every home purchase decision.
Lowest 5 states
Highest 5 states
| # | State | Effective Rate | Median Home Value | Median Annual Tax | Monthly Tax (on median) |
|---|---|---|---|---|---|
| 1 | HawaiiLOW | 0.28% | $848,000 | $2,375 | $198/mo |
| 2 | AlabamaLOW | 0.40% | $179,900 | $720 | $60/mo |
| 3 | ColoradoLOW | 0.51% | $539,900 | $2,752 | $229/mo |
| 4 | LouisianaLOW | 0.55% | $198,000 | $1,089 | $91/mo |
| 5 | Washington DCLOW | 0.55% | $691,100 | $3,801 | $317/mo |
| 6 | Wyoming | 0.57% | $340,400 | $1,940 | $162/mo |
| 7 | South Carolina | 0.57% | $219,600 | $1,252 | $104/mo |
| 8 | Delaware | 0.57% | $345,800 | $1,972 | $164/mo |
| 9 | West Virginia | 0.58% | $146,000 | $847 | $71/mo |
| 10 | Nevada | 0.60% | $423,800 | $2,543 | $212/mo |
| 11 | Arizona | 0.62% | $350,500 | $2,173 | $181/mo |
| 12 | Utah | 0.63% | $490,300 | $3,089 | $257/mo |
| 13 | Arkansas | 0.65% | $177,100 | $1,151 | $96/mo |
| 14 | Tennessee | 0.66% | $291,300 | $1,922 | $160/mo |
| 15 | Idaho | 0.69% | $367,100 | $2,533 | $211/mo |
| 16 | California | 0.75% | $769,900 | $5,774 | $481/mo |
| 17 | North Carolina | 0.78% | $285,300 | $2,225 | $185/mo |
| 18 | Mississippi | 0.79% | $157,700 | $1,246 | $104/mo |
| 19 | New Mexico | 0.80% | $274,200 | $2,194 | $183/mo |
| 20 | Kentucky | 0.80% | $197,800 | $1,582 | $132/mo |
| 21 | Montana | 0.84% | $367,400 | $3,086 | $257/mo |
| 22 | Indiana | 0.85% | $231,700 | $1,969 | $164/mo |
| 23 | Georgia | 0.86% | $319,900 | $2,751 | $229/mo |
| 24 | Virginia | 0.89% | $375,000 | $3,338 | $278/mo |
| 25 | Florida | 0.89% | $402,000 | $3,578 | $298/mo |
| 26 | Oklahoma | 0.90% | $185,500 | $1,670 | $139/mo |
| 27 | Oregon | 0.91% | $487,900 | $4,440 | $370/mo |
| 28 | Missouri | 0.97% | $231,400 | $2,245 | $187/mo |
| 29 | Washington | 0.98% | $568,300 | $5,569 | $464/mo |
| 30 | North Dakota | 0.98% | $271,800 | $2,663 | $222/mo |
| 31 | Alaska | 1.04% | $335,400 | $3,488 | $291/mo |
| 32 | South Dakota | 1.08% | $272,600 | $2,944 | $245/mo |
| 33 | Maryland | 1.09% | $420,400 | $4,582 | $382/mo |
| 34 | Minnesota | 1.12% | $327,700 | $3,670 | $306/mo |
| 35 | Massachusetts | 1.17% | $598,800 | $7,006 | $584/mo |
| 36 | Maine | 1.36% | $340,600 | $4,632 | $386/mo |
| 37 | Kansas | 1.41% | $213,400 | $3,009 | $251/mo |
| 38 | Rhode Island | 1.53% | $416,100 | $6,366 | $531/mo |
| 39 | Michigan | 1.54% | $237,600 | $3,659 | $305/mo |
| 40 | Iowa | 1.57% | $197,800 | $3,105 | $259/mo |
| 41 | Pennsylvania | 1.58% | $249,900 | $3,948 | $329/mo |
| 42 | Texas | 1.60% | $295,200 | $4,723 | $394/mo |
| 43 | Ohio | 1.62% | $211,700 | $3,430 | $286/mo |
| 44 | Nebraska | 1.73% | $255,700 | $4,424 | $369/mo |
| 45 | New York | 1.73% | $440,600 | $7,622 | $635/mo |
| 46 | New Hampshire | 1.77% | $431,200 | $7,632 | $636/mo |
| 47 | WisconsinHIGH | 1.85% | $267,500 | $4,949 | $412/mo |
| 48 | VermontHIGH | 1.90% | $376,500 | $7,154 | $596/mo |
| 49 | ConnecticutHIGH | 2.14% | $380,700 | $8,149 | $679/mo |
| 50 | IllinoisHIGH | 2.27% | $267,600 | $6,075 | $506/mo |
| 51 | New JerseyHIGH | 2.47% | $479,500 | $11,844 | $987/mo |
// HOW TO FACTOR PROPERTY TAX INTO YOUR BUDGET
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Use the effective rate, not the nominal rate
States publish nominal (statutory) rates, but the effective rate (actual tax paid ÷ home value) is what matters. Texas has a high 1.60% effective rate, but California's effective rate is only 0.75% despite higher nominal rates due to Prop 13 limits.
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County rates vary significantly within states
State averages mask huge county-level differences. Texas averages 1.60%, but some Texas counties run 2%+ while others are 1.2%. Always look up the specific county via the county assessor's website before buying.
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Apply to your actual purchase price, not the median
Multiply the state effective rate by YOUR home price. A 1.6% rate on a $300,000 home = $4,800/yr = $400/month added to your PITI. This alone can be the difference between BAH covering your payment or not.
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Check for homestead exemptions
Many states offer homestead exemptions (reduced assessed value for primary residences) and additional veteran exemptions. Texas offers up to $100% property tax exemption for 100% disabled veterans. Ask your county assessor.
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Budget for increases over time
Property taxes typically increase as home values rise and local governments adjust rates. Plan for 2-5% annual increases in your property tax bill over the life of your loan.
Data represents 2024 estimated effective property tax rates. Rates vary by county. Always verify with your local county assessor's office or tax authority before purchasing. Source: Tax Foundation, Census Bureau ACS, local assessor data.