Owning a home comes with several expenses that go beyond your mortgage. Depending on where you live, you might have to pay HOA fees, and no matter where you are, you will have to pay property taxes. The property taxes you owe vary widely by state, ranging from 0.32% all the way up to 2.23%.
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If you’re looking to save on property taxes, consider buying property in one of these states where the typical property tax rate is under 1%.
1. Hawaii
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Typical property tax rate: 0.32%
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2. Alabama
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Typical property tax rate: 0.40%
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3. Colorado
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Typical property tax rate: 0.55%
4. Louisiana
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Typical property tax rate: 0.56%
4. Wyoming
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Typical property tax rate: 0.56%
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6. South Carolina
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Typical property tax rate: 0.57%
6. Utah
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Typical property tax rate: 0.57%
6. West Virginia
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Typical property tax rate: 0.57%
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9. Nevada
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Typical property tax rate: 0.59%
10. Delaware
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Typical property tax rate: 0.61%
11. Arizona
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Typical property tax rate: 0.63%
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12. Arkansas
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Typical property tax rate: 0.64%
13. Idaho
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Typical property tax rate: 0.67%
13. Mississippi
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Typical property tax rate: 0.67%
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13. New Mexico
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Typical property tax rate: 0.67%
13. Tennessee
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Typical property tax rate: 0.67%
17. Montana
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Typical property tax rate: 0.74%
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18. California
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Typical property tax rate: 0.75%
19. North Carolina
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Typical property tax rate: 0.82%
20. Kentucky
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Typical property tax rate: 0.83%
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21. Indiana
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Typical property tax rate: 0.84%
22. Virginia
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Typical property tax rate: 0.87%
22. Washington
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Typical property tax rate: 0.87%
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24. Oklahoma
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Typical property tax rate: 0.89%