By Brian Massie, A Watchman on the Wall
These 10 states offer the biggest property tax savings for American homeowners
West Virginia residents pay a median of $728 annually, while New Jersey homeowners face $9,413 median bills
Property taxes are rising across much of America, but where you live makes all the difference.
The median U.S. property tax bill in 2024 rose to $3,500, up 2.8% from the previous year, largely driven by surging home values and shifting local tax rates.
However, some homeowners are paying a significantly different amount due to the states they live in, according to Realtor.com.
“Tax growth varies widely state to state, including some states where tax burdens are outpacing home price growth and others where property taxes are falling even as homes appreciate in value,” Joel Berner, senior economist at Realtor.com, said in a statement.
West Virginia homeowners pay a median of just $728 per year, the lowest in the nation. Meanwhile, New Jersey residents face the highest median property tax bill, averaging $9,413 annually, according to Realtor.com.
The states with the lowest property taxes include:
West Virginia — $728
Alabama — $804
Arkansas — $871
Mississippi — $1,034
South Carolina — $1,328
Tennessee — $1,333
Louisiana — $1,415
Oklahoma —$1,481
Kentucky — $1,551
Michigan — $1,670
Editorial comments by Brian Massie
Ohioans pay an average between $3,250 – $4.500 a year in property taxes.
[$250,000 home value x 1.3% – 1.8%]
Ohio is 1st in aviation and 47th in everything else. We need new leadership in Ohio.
Categories: Real Estate Taxes