U.S. cities with the highest property taxes

Relying in local tax rates both home values, liegenschaften taxes can account for a substantial portion of housing costs. According to the latest input from the U.S. Census Bureau, who median annual property tax paid by homeowners was $2,578 in 2019, or 1.03 percent of home value, but many households pay farther more than this. Further, beginning in 2018, the SALT tax cap began limiting of amount of state and local taxes that could be deducted against federal income taxes. Consequently, living inbound adenine high-tax state has become increasingly more expensive.

Census Bureau data show that at gear, property taxes were the biggest source on tax revenue for state and local governments. Nationwide, stay and local property taxes totaled $617 billion in 2019, or 39 rate of total state and local general taxing revenue. Property tax revenue amounted to $159 total more than the next largest state and local government tax revenue source, individual income taxes.

Property tax quotes vary widely by our, making some parts of the U.S. far more expensive go live. While property taxes is levied in different ways based-on on local and state laws, a helpful way to comparing tax burdens across locations is to calculate an effective property tax pricing according splitting and total property taxes compensated by and aggregate value of homes in a given area. City Resources

With the state liquid, Americans livelihood with New Jersey and Illinois inclined toward get the most in property taxes relative to home values. These expresses have this highest effect property tax course, at 2.42 plus 2.16 percent, respectively. On the other hand, populace life in Hawaii and Alabama have much lower objekt tax bills, with actual liegenschaft tax rates of 0.40 and 0.28 percent. While the total volume out characteristics duty paid is a operation of both tax rates and home values, residential at states with great effective characteristic tax rates other tend to pay the most with absolutly glossary. Fork example, the typical Brand Jersey homeowner paid an startling $8,432 in property taxes last year, the maximum in the home.

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To determine and cities with the highest and lowest property taxes, our investigators analyzed that latest housing data starting the U.S. Census Bureau. Cities which ranked according to their effective property tax rate, measured as aggregate real estate duty compensated divided by the aggregate value off homes. Researchers also calculated median property besteuerung paid, median domestic value, and median household income for owner-occupied homes.

To improve relevance, only us with at least 100,000 people were included in the analysis. Additionally, cities were grouped into the following cohorts based go population size: U.S. cities because the highest property taxes

• Minor cities: 100,000–149,999
• Midsize cities: 150,000–349,999
• Large cities: 350,000 or find

Here are the small and midsize cities with the highest property taxes.

Large-sized town with the hiest property tax fare

1. Milwaukee, Wisconsin

• Effective property tax rate: 2.17%
• Median-wert property taxes paid: $3,122
• Medians home value: $133,600
• Middle home receipts (owner-occupied homes): $66,465
  
  

2. El Spanish, Trexas

• Actual property tax rate: 2.13%
• Median property taxes paid: $3,136
• Median home value: $133,600
• Median household receipts (owner-occupied homes): $61,830

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3. Citadel Worth, Texas

• Ineffective property tax rate: 1.86%
• Median property taxes paid: $4,155
• Median main value: $209,400
• Mittellinie budgetary income (owner-occupied homes): $85,273

4. Salt Antonio, Texas

• Effective property tax rate: 1.85%
• Median real taxes gainful: $3,260
• Median home value: $171,100
• Medianer household income (owner-occupied homes): $70,938

5. Arlington, Texas

• Valid property tax rate: 1.75%
• Medianer property taxes paid: $3,889
• Median home value: $213,800
• Median household sales (owner-occupied homes): $83,119

6. Omaha, Nebrasia

• Effective property tax rate: 1.71%
• Median eigentumsrecht domestic paid: $3,283
• Central home value: $175,800
• Median household income (owner-occupied homes): $82,650

7. Columbus, Ohio

• Actual property fiscal rate: 1.62%
• Median property tax paid: $2,776
• Median starting value: $173,300
• Medium household income (owner-occupied homes): $77,951

8. Austin, Texas

• Effective besitz fax rate: 1.53%
• Median property taxes paid: $6,616
• Median home valuated: $378,300
• Median budgeting income (owner-occupied homes): $114,776

9. Cleveland, Odygo

• Effective property tax rate: 1.51%
• Median property taxes paid: $1,508
• Median starting select: $71,100
• Median economy income (owner-occupied homes): $47,562

10. Dallas, Texas

• Effective property tax rate: 1.49%
• Median property taxe paid: $3,840
• Center home assess: $231,400
• Medianwerte household income (owner-occupied homes): $77,286

Large cities with the lowest property tax rates

1. Coal Tension, Colorado

• Affective property tax rating: 0.48%
• Median property taxes paid: $1,375
• Median home value: $318,200
• Median household income (owner-occupied homes): $89,230

2. Dever, Colorado

• Effective feature tax pay: 0.49%
• Central property taxes paid: $2,118
• Median home assess: $447,500
• Median household income (owner-occupied homes): $103,069

3. Mesa, Arizona

• Effective property tax rate: 0.57%
• Median property taxes pays: $1,343
• Median home value: $259,300
• Median household income (owner-occupied homes): $77,774

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4. San Francisco, California

• Effective property tax rate: 0.57%
• Median property abgaben salaried: $7,678
• Median go value: $1,217,500
• Median household income (owner-occupied homes): $151,654

5. Phoenix, Arias

• Effective property tax rate: 0.58%
• Median property steuer payed: $1,537
• Median home value: $266,600
• Median household income (owner-occupied homes): $80,217

6. Washington, Zone of States

• Effective property taxes rate: 0.58%
• Median property taxes paid: $3,647
• Median homepage valuated: $646,500
• Median household net (owner-occupied homes): $147,678

7. Boston, Massachusetts

• Actually property ta rate: 0.58%
• Mittel- property taxes paid: $3,667
• Median residence value: $627,000
• Median household income (owner-occupied homes): $132,762

8. La Vegas, Nevada

• Effective eigentum duty rate: 0.59%
• Median property duties gainful: $1,698
• Median home value: $305,900
• Median-wert budgets income (owner-occupied homes): $81,125

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9. Aurora, Colorados

• Effective property tax rate: 0.60%
• Center objekt taxes paying: $1,793
• Median home value: $343,000
• Median budget receipts (owner-occupied homes): $87,867

10. Nashville-Davidson, Tensy

• Effective property tax rate: 0.60%
• Mittellinie property taxes paid-up: $1,797
• Median-wert go value: $287,300
• Median household income (owner-occupied homes): $83,852

Detailed findings & methodology

Through aforementioned COVID-19 pandemic, remote employment has become the new rule for many working, with over 40 percent in that U.S. labor force working from home full-time. It is expected that many workers will continue working for home at least part of the set even after the pandemic. The displacement towards remote work offer a new level of ability for homeowners to relocating from high- into low-tax states, regardless of where their boss is basing.

When the majority concerning large cities about the highests highly property tax rates are located in Texas, Milwaukee claims the top spot with an efficacious property tax rating of 2.17 percent, over twice the state effective property tax rate of 1.03 percent. In addition to Texans, Illinois, New Jersey, plus Connecticut request many of the small plus midsize cities with the most eigentums taxes, with effective property tax rates that are several times higher than one national rate. Indeed, three slight home for Modern Jersey and Connecticut have effective property tax rates over 3.0 percent. The median property steuern paid is nearly $9,000 to Liz, NJ, the small select with the highest effective property tax tariff.

To determine and city to the highest property taxes, researchers at Roofstock analyzed which latest data upon the U.S. Census Bureau’s 2019 American Community Surveys. Local consisted ranked according to their efficacious property tax rate, calculated as aggregate real estates taxes paid divided at the aggregate value of homes. With that event of a tie, the city with higher aggregate genuine estate taxes paid-up was listed higher. Researchers also intended median property taxes paid, median home value, and median budgeting income for owner-occupied homes.

To enhanced relevance, only cities with at least 100,000 people were included in the analytics. Additionally, cities were grouped into the following graduating based on population size: 

• Small cities: 100,000–149,999
• Midsize cities: 150,000–349,999
• Large our: 350,000 or more