Real-Estate Property Taxes by State - See Where MA Ranks
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Wednesday, February 28, 2018
GoLocalWorcester News Team
Massachusetts is in the middle of the pack when it comes to property taxes, however, they rank among states who have the highest car taxes.
According to a recent study completed by WalletHub, Massachusetts ranks 34th in the country for property taxes. MA residents pay an average of $4,132 per year.
Massachusetts has the 8th highest taxes in the country, with residents paying an average of $540 per year.
See the Full Rankings in the Slideshow Below
“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,” said WalletHub.
See More in the Map Below:
The Method
In order to determine the states with the highest and lowest property taxes, WalletHub compared the 50 states and the District of Columbia by using U.S. Census Bureau data to determine real-estate property tax rates and applying assumptions based on national auto-sales data to determine vehicle property tax rates.
For real-estate property tax rates, WalletHub divided the “median real-estate tax payment” by the “median home price” in each state. We then used the resulting rates to obtain the dollar amount paid as real-estate tax on a house worth $184,700, the median value for a home in the U.S. as of 2016 according to the Census Bureau.
For vehicle property tax rates, WalletHub examined data for cities and counties making up at least 50 percent of a given state’s population and extrapolated this to the state level using weighted averages based on population size. For each state, they assumed all residents own the same vehicle: a Toyota Camry LE four-door sedan — 2017’s highest-selling car — valued at $24,000, as of February 2018.
Please note that Georgia formerly imposed vehicle property tax but replaced it in 2013 with a one-time tax imposed on a vehicle’s fair market value (FMV).
See the Rankings in the Slideshow Below
Related Slideshow: Real-Estate Property Taxes by State - 2018
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51.
New Jersey
Effective Real Estate Tax Rate: 2.40%
Annual Taxes on 185K Home: $4,437
State Median Home Value: $316,400
Annual Taxes on Home Priced at State Median Value: $7,601
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50.
Illinois
Effective Real Estate Tax Rate: 2.32%
Annual Taxes on 185K Home: $4,288
State Median Home Value: $174,800
Annual Taxes on Home Priced at State Median Value: $4,058
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49.
New Hampshire
Effective Real Estate Tax Rate: 2.19%
Annual Taxes on 185K Home: $4,038
State Median Home Value: $239,700
Annual Taxes on Home Priced at State Median Value: $5,241
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48.
Connecticut
Effective Real Estate Tax Rate: 2.02%
Annual Taxes on 185K Home: $3,733
State Median Home Value: $269,300
Annual Taxes on Home Priced at State Median Value: $5,443
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47.
Wisconsin
Effective Real Estate Tax Rate: 1.95%
Annual Taxes on 185K Home: $3,602
State Median Home Value: $167,000
Annual Taxes on Home Priced at State Median Value: $3,257
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46.
Texas
Effective Real Estate Tax Rate: 1.86%
Annual Taxes on 185K Home: $3,435
State Median Home Value: $142,700
Annual Taxes on Home Priced at State Median Value: $2,654
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45.
Nebraska
Effective Real Estate Tax Rate: 1.83%
Annual Taxes on 185K Home: $3,371
State Median Home Value: $137,300
Annual Taxes on Home Priced at State Median Value: $2,506
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44.
Vermont
Effective Real Estate Tax Rate: 1.78%
Annual Taxes on 185K Home: $3,285
State Median Home Value: $218,900
Annual Taxes on Home Priced at State Median Value: $3,893
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43.
Michigan
Effective Real Estate Tax Rate: 1.71%
Annual Taxes on 185K Home: $3,158
State Median Home Value: $127,800
Annual Taxes on Home Priced at State Median Value: $2,18
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41
Rhode Island
Effective Real Estate Tax Rate: 1.65%
Annual Taxes on 185K Home: $3,047
State Median Home Value: $238,200
Annual Taxes on Home Priced at State Median Value: $3,929
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41.
New York
Effective Real Estate Tax Rate: 1.65%
Annual Taxes on 185K Home: $3,057
State Median Home Value: $286,300
Annual Taxes on Home Priced at State Median Value: $4,738
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40.
Ohio
Effective Real Estate Tax Rate: 1.56%
Annual Taxes on 185K Home: $2,890
State Median Home Value: $131,900
Annual Taxes on Home Priced at State Median Value: $2,064
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39.
Pennsylvania
Effective Real Estate Tax Rate: 1.55%
Annual Taxes on 185K Home: $2,867
State Median Home Value: $167,700
Annual Taxes on Home Priced at State Median Value: $2,60
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38.
Iowa
Effective Real Estate Tax Rate: 1.50%
Annual Taxes on 185K Home: $2,762
State Median Home Value: $132,800
Annual Taxes on Home Priced at State Median Value: $1,986
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37.
Kansas
Effective Real Estate Tax Rate: 1.40%
Annual Taxes on 185K Home: $2,580
State Median Home Value: $135,300
Annual Taxes on Home Priced at State Median Value: $1,890
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36.
South Dakota
Effective Real Estate Tax Rate: 1.32%
Annual Taxes on 185K Home: $2,446
State Median Home Value: $146,700
Annual Taxes on Home Priced at State Median Value: $1,943
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35.
Maine
Effective Real Estate Tax Rate: 1.32%
Annual Taxes on 185K Home: $2,444
State Median Home Value: $176,000
Annual Taxes on Home Priced at State Median Value: $2,329
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34.
Massachusetts
Effective Real Estate Tax Rate: 1.21%
Annual Taxes on 185K Home: $2,238
State Median Home Value: $341,000
Annual Taxes on Home Priced at State Median Value: $4,132
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33.
Alaska
Effective Real Estate Tax Rate: 1.19%
Annual Taxes on 185K Home: $2,190
State Median Home Value: $257,100
Annual Taxes on Home Priced at State Median Value: $3,048
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32.
Minnesota
Effective Real Estate Tax Rate: 1.17%
Annual Taxes on 185K Home: $2,155
State Median Home Value: $191,500
Annual Taxes on Home Priced at State Median Value: $2,234
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31.
Maryland
Effective Real Estate Tax Rate: 1.10%
Annual Taxes on 185K Home: $2,030
State Median Home Value: $290,400
Annual Taxes on Home Priced at State Median Value: $3,191
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30.
Oregon
Effective Real Estate Tax Rate: 1.07%
Annual Taxes on 185K Home: $1,970
State Median Home Value: $247,200
Annual Taxes on Home Priced at State Median Value: $2,637
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29.
Washington
Effective Real Estate Tax Rate: 1.06%
Annual Taxes on 185K Home: $1,962
State Median Home Value: $269,300
Annual Taxes on Home Priced at State Median Value: $2,860
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28.
North Dakota
Effective Real Estate Tax Rate: 1.05%
Annual Taxes on 185K Home: $1,947
State Median Home Value: $164,000
Annual Taxes on Home Priced at State Median Value: $1,729
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27.
Florida
Effective Real Estate Tax Rate: 1.02%
Annual Taxes on 185K Home: $1,885
State Median Home Value: $166,800
Annual Taxes on Home Priced at State Median Value: $1,702
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26.
Missouri
Effective Real Estate Tax Rate: 1.00%
Annual Taxes on 185K Home: $1,842
State Median Home Value: $141,200
Annual Taxes on Home Priced at State Median Value: $1,408
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25.
Georgia
Effective Real Estate Tax Rate: 0.93%
Annual Taxes on 185K Home: $1,712
State Median Home Value: $152,400
Annual Taxes on Home Priced at State Median Value: $1,413
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24.
Oklahoma
Effective Real Estate Tax Rate: 0.89%
Annual Taxes on 185K Home: $1,638
State Median Home Value: $121,300
Annual Taxes on Home Priced at State Median Value: $1,076
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23.
Indiana
Effective Real Estate Tax Rate: 0.87%
Annual Taxes on 185K Home: $1,606
State Median Home Value: $126,500
Annual Taxes on Home Priced at State Median Value: $1,100
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22.
North Carolina
Effective Real Estate Tax Rate: 0.86%
Annual Taxes on 185K Home: $1,581
State Median Home Value: $157,100
Annual Taxes on Home Priced at State Median Value: $1,345
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20.
Montana
Effective Real Estate Tax Rate: 0.85%
Annual Taxes on 185K Home: $1,570
State Median Home Value: $199,700
Annual Taxes on Home Priced at State Median Value: $1,698
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20.
Kentucky
Effective Real Estate Tax Rate: 0.85%
Annual Taxes on 185K Home: $1,579
State Median Home Value: $126,100
Annual Taxes on Home Priced at State Median Value: $1,078
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19.
Mississippi
Effective Real Estate Tax Rate: 0.80%
Annual Taxes on 185K Home: $1,470
State Median Home Value: $105,700
Annual Taxes on Home Priced at State Median Value: $841
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18.
Virginia
Effective Real Estate Tax Rate: 0.79%
Annual Taxes on 185K Home: $1,467
State Median Home Value: $248,400
Annual Taxes on Home Priced at State Median Value: $1,973
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17.
California
Effective Real Estate Tax Rate: 0.79%
Annual Taxes on 185K Home: $1,461
State Median Home Value: $409,300
Annual Taxes on Home Priced at State Median Value: $3,237
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16.
Nevada
Effective Real Estate Tax Rate: 0.77%
Annual Taxes on 185K Home: $1,425
State Median Home Value: $191,600
Annual Taxes on Home Priced at State Median Value: $1,478
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15.
Arizona
Effective Real Estate Tax Rate: 0.77%
Annual Taxes on 185K Home: $1,427
State Median Home Value: $176,900
Annual Taxes on Home Priced at State Median Value: $1,367
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14.
New Mexico
Effective Real Estate Tax Rate: 0.76%
Annual Taxes on 185K Home: $1,408
State Median Home Value: $161,600
Annual Taxes on Home Priced at State Median Value: $1,232
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13.
Idaho
Effective Real Estate Tax Rate: 0.76%
Annual Taxes on 185K Home: $1,404
State Median Home Value: $167,900
Annual Taxes on Home Priced at State Median Value: $1,276
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12.
Tennessee
Effective Real Estate Tax Rate: 0.75%
Annual Taxes on 185K Home: $1,376
State Median Home Value: $146,000
Annual Taxes on Home Priced at State Median Value: $1,088
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11.
Utah
Effective Real Estate Tax Rate: 0.67%
Annual Taxes on 185K Home: $1,240
State Median Home Value: $224,600
Annual Taxes on Home Priced at State Median Value: $1,508
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10.
Arkansas
Effective Real Estate Tax Rate: 0.63%
Annual Taxes on 185K Home: $1,161
State Median Home Value: $114,700
Annual Taxes on Home Priced at State Median Value: $721
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9.
Wyoming
Effective Real Estate Tax Rate: 0.61%
Annual Taxes on 185K Home: $1,130
State Median Home Value: $199,900
Annual Taxes on Home Priced at State Median Value: $1,223
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8.
West Virginia
Effective Real Estate Tax Rate: 0.59%
Annual Taxes on 185K Home: $1,082
State Median Home Value: $107,400
Annual Taxes on Home Priced at State Median Value: $629
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7.
South Carolina
Effective Real Estate Tax Rate: 0.57%
Annual Taxes on 185K Home: $1,056
State Median Home Value: $143,600
Annual Taxes on Home Priced at State Median Value: $821
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6.
Colorado
Effective Real Estate Tax Rate: 0.57%
Annual Taxes on 185K Home: $1,058
State Median Home Value: $264,600
Annual Taxes on Home Priced at State Median Value: $1,516
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5.
District of Columbia
Effective Real Estate Tax Rate: 0.56%
Annual Taxes on 185K Home: $1,026
State Median Home Value: $506,100
Annual Taxes on Home Priced at State Median Value: $2,811
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4.
Delaware
Effective Real Estate Tax Rate: 0.55%
Annual Taxes on 185K Home: $1,009
State Median Home Value: $233,100
Annual Taxes on Home Priced at State Median Value: $1,274
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3.
Louisiana
Effective Real Estate Tax Rate: 0.51%
Annual Taxes on 185K Home: $934
State Median Home Value: $148,300
Annual Taxes on Home Priced at State Median Value: $750
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2.
Alabama
Effective Real Estate Tax Rate: 0.43%
Annual Taxes on 185K Home: $791
State Median Home Value: $128,500
Annual Taxes on Home Priced at State Median Value: $550
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1.
Hawaii
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
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