2018’s Property Taxes by State

From Wallet Hub, February 27, 2018

Depending on where you live, property taxes can be a small inconvenience or a major burden. The average American household spends $2,197 on property taxes for their homes each year, according to the U.S. Census Bureau, and residents of the 27 states with vehicle property taxes shell out another $436. Considering these figures and the rising amount of debt in America, it should come as no surprise that more than $14 billion in property taxes go unpaid each year, the National Tax Lien Association has found.

And though property taxes might appear to be a non-issue for the 37 percent 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.

But which states have the largest property tax load, and what should residents keep in mind when it comes to meeting and minimizing their tax obligations? In search of answers, WalletHub analyzed the 50 states and the District of Columbia in terms of real-estate and vehicle property taxes. They also asked a panel of property-tax experts for practical and political insight….

read … 2018’s Property Taxes by State

Hawaii

• Rank -- 1
• Effective Real-Estate Tax Rate -- 0.27%
• Annual Taxes on $185K Home -- $501
• State Median Home Value -- $538,400
• Annual Taxes on Home Priced at State Median Value -- $1,459 (33rd–highest)