Hawaii The Lowest Property Tax Paying State

The appeal of the Islands just increased!  According to Corelogic, Hawaii is the lowest paying property tax state at .31 percent.

The national average is reported at 1.31 percent.  16 states currently have a property tax rate below 1 percent, 28 states have a property tax rate between 1 and 2 percent, and 7 states have a property tax rate above 2 percent.  Corelogic took into account all the unique factors each state has in levels of tax collection.

Higher rates are most noted in the northeastern states with Texas being an exception.  Other then Illinois, the higher rate states have multiple levels of tax collection.  The lower rate states have single level collection. Where does your state rank?

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Courtesy of Corelogic States Ranked by Median Property Tax Rates

 

You can read this article in it’s entirety via Corelogic here.