American homeowners pay an annual average $3,119 in property taxes, according to research released Tuesday by WalletHub, a personal finance website.
Where the home is located makes a big difference in how much the household has to pay in taxes each year.
The study noted that both homeowners and renters are affected by property taxes. Whether they pay them directly or indirectly, just about everyone bears the burden, as these taxes influence rental prices and help fund state and local governments.
To determine which states have the highest and lowest property taxes, WalletHub compared the 50 states and the District of Columbia by using the most recently available U.S. Census Bureau data for real estate property tax rates.
Researchers divided the "median real-estate tax payment" by the "median home price" in each state. They then used the resulting rates to obtain the dollar amount paid as real estate tax on a house worth $332,700, the median value for a home in the U.S. as of 2024.
See the gallery for the 12 states with the heaviest real estate tax burden, ranked by the tax bill on a median-priced home in each one.
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