At
the state average property tax rate of 1.94 %, both exemptions would equal annual savings of $ 485.
Not exact matches
Residents of New Jersey, the
state with the nation's highest
property taxes, paid a record
average of $ 8,690 in 2017,
state data show.
The above - referenced editorial also points out that 48 % of
state and local revenues collected in N.J. come from
property taxes, which is off - the - charts high: «No other
state derives more than 41 percent of its revenue from that source; the U.S.
average is 33.1 percent.»
To see how each
state compares, GOBankingRates calculated the
average amount Americans pay in each
state, including both
state and federal income
taxes,
property taxes, sales
tax and
taxes on gas.
In the United
States, single - family home owners pay an
average of $ 3,296 in
property taxes a year.
Average amount of federal income
taxes: $ 4,238.46
Average amount of
state income
taxes: $ 1,810.98
Average amount of
property taxes: $ 556.80
Total
taxes paid in Alabama are the eighth lowest, on
average, in the U.S. Homeowners in this
state have the second - lowest
property tax bill, on
average, thanks to a low 0.435 percent
tax rate.
We examined the
average amount residents in all 50
states and the District of Columbia pay in income,
property, sales and gas
taxes.
The most populous county in Mississippi, Hinds County has
property tax rates that are somewhat higher than the
state average.
The
average homeowner in Mobile County pays $ 671 annually in
property taxes, the 5th highest
average payment in the
state.
The county's
average effective
property tax rate is 0.97 %, sixth highest in the
state.
Federal income and
property taxes paid are particularly low, on
average, due to the
state's low median income and
property value.
New Mexico has the seventh - lowest total
tax bill, on
average, in the U.S.
Property and income
taxes paid are among the lowest of all
states — due, in large part, to a low median income and a low median home value in the
state.
The median annual
property tax in Mississippi is $ 768, lower than in all but four
states and less than half the national
average.
The
average effective
property tax rate in Erie County is 2.66 %, well above both the
state and national
averages.
Though the
state doesn't have a Social Security or inheritance
tax, its estate
tax is one of the highest, and
property and sales
taxes are about
average.
The
state's
average effective
property tax rate of 1.55 % ranks as the 10th highest in the country.
It has the fourth highest
property tax rate of any county in the
state, with
average effective rates of 3.14 %.
The median
property tax paid by homeowners in Bristol County is $ 4,839 per year, highest in the
state and more than double the national
average.
However,
property tax rates in Polk County are close to the
state average.
The county's
average effective
property tax rate is 1.65 %, as compared with the
state average of 1.55 %.
What doesn't play in the
state's favor is its high cost of living, bolstered by higher - than -
average home prices and middling deposit account rates — and the second - highest median
property tax in the country.
Oregon's Multnomah County, which encompasses most of the city of Portland, has
property taxes near the
state average.
Property and gas
tax rates for the
state are both near the national
average.
That is reflected in the
state's high effective
property taxes: the
average Connecticut homeowner pays $ 5,327 annually in
taxes, the second highest amount in the U.S.
The
average effective
property tax rate in the
state is 1.97 %.
However, since homes there are also worth more than elsewhere in the
state,
property taxes as a percentage of home value are actually below the
state's
average.
The highest
average property taxes in the
state are in Fairfield County, where homeowners pay $ 6,931 annually.
The
state's
average effective
property tax rate is 1.83 %, which means that the
average homeowner in Nebraska pays approximately that percentage of her home's value in
taxes each year.
The county's effective
property tax rate is 1.25 %, above both
state and national
averages.
Its
average effective
property tax rate of 0.59 % is lower than all but six other
states, and about half the national
average.
The county's
average effective
property tax rate of 0.85 % is fifth lowest in the
state.
It has the
average property tax rates of any county in the
state.
The
average effective
property tax rate is 1.08 % in Washington County, compared to a
state average of 1.17 %.
Located in northern Maryland, Harford County has
property tax rates slightly higher than the
state average but below the national
average.
Its
average effective
property tax rate is 0.48 %, which ranks as the 20th lowest in the
state.
Property taxes in Harrison County are near the
state averages.
Property tax rates in Kanawha County are higher than the
state average, though still low by national standards.
Situated along the Ohio River in the western region of the
state, Cabell County has
property taxes higher than the
state average.
The 10th most populous county in Maryland, Charles County has
property tax rates slightly above the
state average.
This eastern Minnesota County has
property taxes below the
state average.
While the
average effective
property tax rate in Putnam County is equal to the
state average of 0.59 %,
property taxes paid are somewhat higher.
The
average effective
property tax rate (
taxes per year as a percentage of home value) in the Magnolia
State is just 0.8 %, the 15th - lowest rate in the nation.
While
property taxes in the
state serve as an important source of revenue for local governments and public services (including public education) the
average Alabama homeowner pays just $ 550 per year in
property taxes.
The
average homeowner in the
state pays annual
property taxes that are equal to 0.77 % of their home's market value, so annual
property taxes shouldn't take a significant chunk out of your bank account.
Boulder County's
average effective
property tax rate is 0.61 %, which ranks as the 10th highest rate in the
state.
The tenth largest county by population in Colorado, Pueblo County's
property taxes are generally higher than the
state average.
The county's
average effective
property tax rate is just 0.59 %, second lowest in the
state.
The
state's
average effective
property tax rate (median annual
taxes paid as a percentage of median home value) is 0.96 %.
This northeast Utah county has
property tax rates somewhat lower than the
state average.