Property Taxes by State 2022
Nevada is one of the lowest taxed states for property taxes and also one of the few that depreciate homes over the years to help keep the property taxes even lower.
While the price of homes in Nevada is rising, the property taxes are not based on the sale of a home as they are in many states. Property taxes in Nevada can not be adjusted more than 3% each year for an owner-occupied home and 8% for a non-owner-occupied home. This keeps the cost of living in Nevada lower than in many states for homeowners.
Though property taxes might appear to be a non-issue for the 36% of renter households, that couldn’t be further from the truth. We all pay property taxes, whether directly or indirectly, as they impact the rent we pay as well as the finances of state and local governments.
Real-Estate Property Tax Rates by State
|
Rank |
State |
Effective Real-Estate Tax Rate |
Annual Taxes on $217.5K Home* |
State Median Home Value |
Annual Taxes on Home Priced at State Median Value |
|---|---|---|---|---|---|
| 1 | Hawaii | 0.28% | $606 | $615,300 | $1,715 |
| 2 | Alabama | 0.41% | $895 | $142,700 | $587 |
| 3 | Colorado | 0.51% | $1,113 | $343,300 | $1,756 |
| 4 | Louisiana | 0.55% | $1,187 | $163,100 | $890 |
| 5 | District of Columbia | 0.56% | $1,221 | $601,500 | $3,378 |
| 6 | Delaware | 0.57% | $1,240 | $251,100 | $1,431 |
| 6 | South Carolina | 0.57% | $1,238 | $162,300 | $924 |
| 8 | West Virginia | 0.58% | $1,269 | $119,600 | $698 |
| 9 | Nevada | 0.60% | $1,310 | $267,900 | $1,614 |
| 10 | Wyoming | 0.61% | $1,319 | $220,500 | $1,337 |
| 11 | Arkansas | 0.62% | $1,358 | $127,800 | $798 |
| 12 | Utah | 0.63% | $1,362 | $279,100 | $1,748 |
| 13 | Arizona | 0.66% | $1,446 | $225,500 | $1,499 |
| 14 | Idaho | 0.69% | $1,492 | $212,300 | $1,456 |
| 15 | Tennessee | 0.71% | $1,548 | $167,200 | $1,190 |
| 16 | California | 0.76% | $1,644 | $505,000 | $3,818 |
| 17 | New Mexico | 0.80% | $1,740 | $171,400 | $1,371 |
| 18 | Mississippi | 0.81% | $1,751 | $119,000 | $958 |
| 19 | Virginia | 0.82% | $1,779 | $273,100 | $2,234 |
| 20 | North Carolina | 0.84% | $1,833 | $172,500 | $1,454 |
| 20 | Montana | 0.84% | $1,818 | $230,600 | $1,928 |
| 22 | Indiana | 0.85% | $1,853 | $141,700 | $1,207 |
| 23 | Kentucky | 0.86% | $1,866 | $141,000 | $1,210 |
| 24 | Florida | 0.89% | $1,934 | $215,300 | $1,914 |
| 25 | Oklahoma | 0.90% | $1,952 | $136,800 | $1,228 |
| 26 | Georgia | 0.92% | $2,006 | $176,000 | $1,623 |
| 27 | Oregon | 0.97% | $2,116 | $312,200 | $3,037 |
| 27 | Missouri | 0.97% | $2,111 | $157,200 | $1,526 |
| 29 | Washington | 0.98% | $2,134 | $339,000 | $3,326 |
| 29 | North Dakota | 0.98% | $2,138 | $193,900 | $1,906 |
| 31 | Maryland | 1.09% | $2,370 | $314,800 | $3,430 |
| 32 | Minnesota | 1.12% | $2,429 | $223,900 | $2,500 |
| 33 | Alaska | 1.19% | $2,599 | $270,400 | $3,231 |
| 34 | Massachusetts | 1.23% | $2,667 | $381,600 | $4,679 |
| 35 | South Dakota | 1.31% | $2,857 | $167,100 | $2,195 |
| 36 | Maine | 1.36% | $2,953 | $190,400 | $2,585 |
| 37 | Kansas | 1.41% | $3,060 | $151,900 | $2,137 |
| 38 | Michigan | 1.54% | $3,343 | $154,900 | $2,381 |
| 39 | Ohio | 1.56% | $3,390 | $145,700 | $2,271 |
| 40 | Iowa | 1.57% | $3,407 | $147,800 | $2,315 |
| 41 | Pennsylvania | 1.58% | $3,442 | $180,200 | $2,852 |
| 42 | Rhode Island | 1.63% | $3,548 | $261,900 | $4,272 |
| 43 | New York | 1.72% | $3,749 | $313,700 | $5,407 |
| 44 | Nebraska | 1.73% | $3,754 | $155,800 | $2,689 |
| 45 | Texas | 1.80% | $3,907 | $172,500 | $3,099 |
| 46 | Wisconsin | 1.85% | $4,027 | $180,600 | $3,344 |
| 47 | Vermont | 1.90% | $4,135 | $227,700 | $4,329 |
| 48 | Connecticut | 2.14% | $4,658 | $275,400 | $5,898 |
| 49 | New Hampshire | 2.18% | $4,738 | $261,700 | $5,701 |
| 50 | Illinois | 2.27% | $4,942 | $194,500 | $4,419 |
| 51 | New Jersey | 2.49% | $5,419 | $335,600 | $8,362 |
*$217,500 is the median home value in the U.S. as of 2019, the year of the most recent available data.
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