Real Estate

Who Pays the Highest Property Taxes?

April 29, 2016  •  James T. Wanzeck
Who Pays the Highest Property Taxes?
The average median property tax rate across the nation is 1.31 percent. That means a home owner with a home valued at $200,000, on average, pays an annual amount of $2,620 in property taxes, according to an analysis by CoreLogic’s data team. Colorado ranks as the 5th lowest at .66%. Illinois has the highest median property tax rate at 2.67 percent. Hawaii, on the other hand, has the lowest at 0.31 percent.

James T. Wanzeck

Broker Associate, REALTOR ®

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