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What Are Real Estate Taxes?

Learn the basics of property taxes and what you need to know at tax time.


[Updated: Feb 04, 2021 ] Aug 30, 2019 by Matt Frankel, CFP

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Rank State Average Tax Rate (% of Home Value)
1 New Jersey 2.44%
2 Illinois 2.31%
3 New Hampshire 2.20%
4 Connecticut 2.07%
5 Wisconsin 1.94%

Data source: U.S. census bureau data.

Rank State Average Tax Rate (% of Home Value)
47 (tie) Washington D.C. 0.55%
47 (tie) Colorado 0.55%
49 Louisiana 0.52%
50 Alabama 0.42%
51 Hawaii 0.27%

Data source: U.S. census bureau data

Richland County tax form

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