How to Calculate Property Tax?

US Flag
CASAPLORERTrusted & Transparent
What state do you live in?
Assessed Property Value
$
Property Tax
%
=
Mill Levy (Per $1,000)
$
Result
Estimated Annual Property Tax
$33.00

Your Property Tax Across All 50 States

Enter your property value:
$
$540 - $1,395
$1,395 - $2,250
$2,250 - $3,105
$3,105 - $3,960
$3,960 - $4,815
$4,815 - $5,670

US Average Property Tax Rate

The national average property tax rate is 1.1% using the latest US Census data available as of December 2021. The national median property tax rate is 1.03%.

What is property tax?

Buying and owning a home has many fees and your property tax is just one that you need to keep in mind. Property taxes are levies charged by your local government to fund local public services like schools and emergency services. They are automatically calculated by your local government, but estimating it yourself could help you catch any mistakes made by your tax assessor.

How to Calculate Property Tax?

To calculate your property tax, you will need to first get two key numbers: the assessed property value and the mill levy. With these two numbers, you can easily get an estimate for your property tax, but the accuracy of your calculation will depend on how accurate your inputs are.

Assessed Property Value

You may often hear people talk about the market value of a property, but this is not the same as the assessed property value. The market value of a home is the amount an informed buyer would pay for a property. This is the value of your property according to the broader real estate market. However, the assessed property value is the value of your property determined by your local tax municipality.

Tax assessors will evaluate your property as often as once per year and adjust their property value estimate when it is sold, bought, built, or renovated. This value is based on the property size, different rooms, the purchase price, the neighborhood, and several other factors. While your assessed property value is usually close to the fair market value, if you are in a seller’s or buyer’s market, this value will be adjusted to reflect more balanced market conditions. However, the assessed property value will generally be lower than the market value.

If you are eligible for any deductions or exemptions, you can subtract this amount from your assessed property value and enter it in the calculator. Certain counties will only apply the property tax to a portion of the assessed property value.

Each local tax assessor’s office or local tax authority will have your property tax information available including your assessed property value on the Public Records Online Directory. If you disagree with your assessed property value, you can submit an appeal with proof that the assessed value is inaccurate to your local tax assessor.

Mill Levy (Millage Rate)

Your county’s mill levy is how much you need to pay per $1,000 of your assessed property value. A county with a mill levy of $20 would have a property tax rate of $20/$1,000=2%. The average mill levy in the U.S. is $11 or 1.1%. This tax rate can vary significantly depending on government services and their required revenue. For example, a county with several schools and hospitals is likely to have a higher property tax than a county without them.

The mill levy is applied annually, so a mill levy of $20 on a $300,000 home would cost $6,000 per year. However, you will probably receive your property tax bill on a semi-annual basis for half of the annual levy. Using the same example, you would pay $3,000 every 6 months, but the total annual property tax is still $6,000. Generally, property taxes are paid on March 1st and September 1st.

For your county’s property tax rates, visit Tax-Rates.org.

Map of Mill Levy Across All 50 States per $1,000

$540 - $1,395
$1,395 - $2,250
$2,250 - $3,105
$3,105 - $3,960
$3,960 - $4,815
$4,815 - $5,670

When are property taxes due and how often do you pay them?

If property taxes are included in your mortgage payments, as long as you make your mortgage payments on time, you won’t have to worry about paying property taxes online.

If you choose to pay property taxes yourself, you will have to make periodic payments throughout the year. Depending on where you live, you may be able to choose between paying your property taxes monthly, quarterly, or semiannually. Each payment is used to cover your property taxes for the following months until your next payment. If you choose to pay property taxes semiannually, you should generally expect to make payments on March 1st and September 1st, but this varies. Your March payment will be used to pay for property taxes from March to August and your September payment will be used to pay for September to February.

If you choose to make your property tax payments early, you can get early payment discounts of as much as 4%. That’s why you should always try to make your property tax payments as soon as you get your bill.

Property Tax Exemptions

If you think you might qualify for any property tax exemptions, you should check for yourself. No government agencies will voluntarily inform you that you are exempt from paying these taxes because the responsibility is on you.

  1. Homestead Exemption: There are a number of homestead exemptions that allow homeowners to not pay property taxes. One homestead exemption protects homeowners from paying property taxes when their spouse dies. Homestead exemptions vary by state, but can include homeowners above certain ages, those with low incomes, and homeowners with disabilities. There may be restrictions attached to this exemption, so it’s important to read the fine print.
  2. Veterans: There are property tax exemptions for veterans if they use the home as their primary residence, served during wartime, and were honorably discharged. Depending on the state, peacetime veterans may qualify or only disabled veterans may qualify. Income limits and residency lengths may also vary by state.
  3. Home Renovations: If you renovate your home or make home improvements, you may not have to pay property taxes on the added value to your property. This includes installing renewable energy systems like solar panels or geothermal heating. However, you will still have to pay property taxes on the original home value.

If you do not qualify for the above exemptions, you should still check with your local tax assessor’s office. There may be exemptions that you do not expect and you could save thousands of dollars per year.

  • Government properties are exempt from paying property taxes because the revenue generated from property taxes is used to fund public government services like schools
  • Non-profit hospitals that provide free or low cost health care are exempt from paying property taxes

While there are several property types that are exempt, most residential properties are subject to property taxes.

How to pay property taxes?

There are two ways to pay your property taxes:

  1. Adding to your monthly mortgage payment: Many lenders will roll property taxes into your monthly mortgage payment. Lenders calculate your monthly property tax payment by taking your annual property tax and dividing it by 12. Generally, mortgage payments will include principal, interest, mortgage insurance, and the property tax. These four components of your monthly mortgage payment are known as PITI (principal, interest, taxes, and insurance). You can find your property tax paid in box 10, labelled “Other”, of your IRS mortgage interest statement (Form 1098).
  2. Paying the tax directly to the tax office: If your property taxes aren’t included in your monthly mortgage payments, you will receive a property tax bill in the mail. This will be sent to you twice a year.

Where to pay property taxes: If your property tax is included in your monthly mortgage payment, your lender will take care of property tax payments. Your property tax payments will be put into an escrow account used to pay the bill when appropriate and some lenders require you to have this. If you are allowed and decide to cancel this escrow account, you will have to pay property taxes yourself. Your property tax bill should include payment directions. Generally, you should be able to pay by:

  • Sending money or a check through the mail
  • Paying online with a credit or debit card
  • Paying online with an eCheck (electronic check)
  • Paying over the phone with a credit or debit card

Real Estate Tax vs Property Tax

Real estate taxes are just another word for property taxes. They are interchangeable terms used by realtors and real estate investors.

Some confusion may arise with the differences between personal property tax and real estate taxes. Personal property tax is a tax levied by state and local governments on personal property, which includes everything other than real estate. Personal property encompasses any assets that can be physically moved.

What do property taxes pay for?

Property taxes are a source of revenue for state and local governments who use it to fund public services like schools, hospitals, or emergency services. They are the largest source of revenue for state and local governments in the US. Each year, state and local governments have a target budget. By using current real estate data, they can calculate the necessary mill levy to achieve their budget goals. Generally, property taxes pay for the following items:

  • Schools: Public schools take the largest share of property tax revenue. However, some states are shifting towards using state-levied taxes rather than local property taxes.
  • Public Safety: Emergency services like police officers, firefighters, and emergency medical technicians (EMTs) are all funded by property taxes. Public safety includes any public safety workers and legal liabilities associated with public safety.
  • Parks and Recreation: Public parks, recreational facilities, and public trails are funded by property taxes.
  • Public Roads: Each municipality needs to regularly construct and maintain streets. This is a key part of city infrastructure and requires quite a bit of funding to keep them safe and functional.
  • Sanitation: Cities need to ensure that streets remain clean and trash is collected. Sanitation fees may appear separately on a tax bill or as part of property taxes, but they are only charged to homeowners.

What states don’t have property taxes?

Every state charges property taxes. Property taxes are an essential part of government funding used for essential public services like schools, emergency services, libraries, etc. With that being said, different states and counties charge different property taxes. Here are the 5 states with the lowest property taxes:

  1. Louisiana - 0.18%
  2. Hawaii - 0.26%
  3. Alabama - 0.33%
  4. Delaware - 0.43%
  5. West Virginia - 0.49%

Can you write off property taxes?

If you itemize your tax deductions, you can deduct any property taxes paid on both real estate and personal property. The only exception is if you agree to pay the previous homeowner’s delinquent taxes from previous years. This is instead treated as a cost included in the home purchase. The maximum eligible deduction of state and local income, sales, and property taxes from your federal taxes is a combined $10,000 ($5,000 is married filing separately).

Average Property Tax Rates - Top 11 States

State Average Property Tax Rate Average Home Value
California0.74%$694,000
Colorado0.52%$472,000
Florida0.93%$282,300
Illinois2.17%$263,100
Maryland1.02%$520,200
Massachusetts1.16%$295,000
New York1.54%$487,000
Ohio1.55%$190,200
Pennsylvania1.38%$276,700
Texas1.75%$247,000
Virginia0.72%$250,000
National1.11%$322,600

Property Tax Rates by State

Alabama
Flag of Alabama

The Birmingham-Hoover Metropolitan Area is the most populous metro area in Alabama. Located in Jefferson County, AL, the Jefferson County Board of Equalization administers property taxes in Birmingham. Property taxes in Birmingham are due every October 1.

Jefferson County Property Tax

Median Annual Property Tax: $3,252
Median Home Value: $156,000
Median Household Income: $50,000
Property Tax as % of Income: 6.5%

The average Birmingham property tax rate is 0.38%. That's based on Birmingham, Alabama's average home value of $156,000.

Arizona
Flag of Arizona

Phoenix Property Tax

Median Annual Property Tax: $1,776
Median Home Value: $289,000
Median Household Income: $64,000
Property Tax as % of Income: 2.8%

Phoenix property taxes are paid to the Maricopa County Treasurer's Office. The average Phoenix property tax rate is 0.64%. That's based on Phoenix, Arizona’s average home value of $327,700.

Tucson Property Tax

Median Annual Property Tax: $1,524
Median Home Value: $145,000
Median Household Income: $41,500
Property Tax as % of Income: 3.7%

Arizona's second largest city, Tucson, is located in Pima County, with Tucson property taxes being administered by the Pima County Treasurer's Office. The average Tucson property tax rate is 1.05%. That's based on Tucson, Arizona’s average home value of $145,000.

California
Flag of California

The average California property tax rate is 0.74%, based on the state’s average home value of $694,900.

Los Angeles Property Tax

Median Annual Property Tax: $4,500
Median Home Value: $650,000
Median Household Income: $75,000
Property Tax as % of Income: 6%

The average Los Angeles property tax rate for LA County is 0.69%.

Orange County Property Tax

Median Annual Property Tax: $3,252
Median Home Value: $500,000
Median Household Income: $66,000
Property Tax as % of Income: 4.9%

In Orange County, the average Anaheim property tax rate for Anaheim-Santa Ana-Garden Grove is 0.65%.

Alameda Property Tax

Median Annual Property Tax: $3,600
Median Home Value: $400,000
Median Household Income: $69,000
Property Tax as % of Income: 5.2%

The average Oakland property tax rate for Alameda County is 0.90%.

Inland Empire Property Tax

Median Annual Property Tax: $3,000
Median Home Value: $383,000
Median Household Income: $65,600
Property Tax as % of Income: 4.6%

The average San Bernardino property tax rate for the Inland Empire, made up of San Bernardino County and Riverside County, is 0.85%.

Sacramento County Property Tax

Median Annual Property Tax: $2,292
Median Home Value: $225,000
Median Household Income: $52,000
Property Tax as % of Income: 4.4%

The average Sacramento property tax rate for Sacramento County is 1.02%.

San Diego Property Tax

Median Annual Property Tax: $2,640
Median Home Value: $375,000
Median Household Income: $57,500
Property Tax as % of Income: 4.6%

The average San Diego property tax rate is 0.70%.

San Francisco Property Tax

Median Annual Property Tax: $6,480
Median Home Value: $935,000
Median Household Income: $106,000
Property Tax as % of Income: 6.1%

The average San Francisco property tax rate is 0.74%.

San Jose Property Tax

Median Annual Property Tax: $6,000
Median Home Value: $900,000
Median Household Income: $105,700
Property Tax as % of Income: 5.7%

The average San Jose property tax rate is 0.66%.

Average California Property Tax Rates by City

CityAverage Property Tax Rate
Sacramento1.02%
Oakland0.90%
San Bernardino0.85%
San Francisco0.74%
San Diego0.70%
Los Angeles0.69%
Anaheim0.65%

Colorado
Flag of Colorado

The average Colorado property tax rate is 0.52%, based on the state’s average home value of $472,000.

Denver Property Tax

Median Annual Property Tax: $2,304
Median Home Value: $426,000
Median Household Income: $87,000
Property Tax as % of Income: 2.6%

In Denver, the average Denver property tax rate is 0.56%.

Connecticut
Flag of Connecticut

Median Annual Property Tax: $4,752
Median Home Value: $230,000
Median Household Income: $63,588
Property Tax as % of Income: 7.5%

Hartford is the capital city of Connecticut. The average Hartford property tax rate is 2.06%.

District of Columbia
Flag of District of Columbia

Median Annual Property Tax: $3,696
Median Home Value: $400,000
Median Household Income: $100,000
Property Tax as % of Income: 3.7%

The average Washington, D.C. property tax rate is 0.88%, including parts of Montgomery County, Fairfax County, Arlington, and Alexandria.

Florida
Flag of Florida

Jacksonville Property Tax

Median Annual Property Tax: $1,332
Median Home Value: $139,000
Median Household Income: $42,833
Property Tax as % of Income: 3.1%

The average Jacksonville property tax rate is 0.96%.

Miami Property Tax

Median Annual Property Tax: $2,904
Median Home Value: $300,000
Median Household Income: $54,400
Property Tax as % of Income: 5.3%

The average Miami property tax rate is 1.04%.

Orlando Property Tax

Median Annual Property Tax: $1,476
Median Home Value: $150,000
Median Household Income: $41,000
Property Tax as % of Income: 3.6%

The average Orlando property tax rate is 0.98%.

Tampa Bay - St. Petersburg Property Tax

Median Annual Property Tax: $1,800
Median Home Value: $190,000
Median Household Income: $50,000
Property Tax as % of Income: 3.6%

The average Tampa Bay and St. Petersburg property tax rate is 0.95%.

Georgia
Flag of Georgia

Fulton County Property Tax

Median Annual Property Tax: $2,064
Median Home Value: $250,000
Median Household Income: $69,000
Property Tax as % of Income: 3%

The average Atlanta property tax rate for Fulton County is 0.92%.

Illinois
Flag of Illinois

The average Illinois property tax rate is 2.17%, based on the state’s average home value of $263,100.

Cook County Property Tax

Median Annual Property Tax: $5,448
Median Home Value: $250,000
Median Household Income: $72,000
Property Tax as % of Income: 7.6%

The average Chicago property tax rate for Cook County is 2.13%.

Indiana
Flag of Indiana

Median Annual Property Tax: $1,236
Median Home Value: $130,000
Median Household Income: $50,000
Property Tax as % of Income: 2.5%

The average Indianapolis property tax rate is 0.95%.

Kansas
Flag of Kansas

Median Annual Property Tax: $2,148
Median Home Value: $200,000
Median Household Income: $67,000
Property Tax as % of Income: 3.2%

Partly located in the State of Kansas, the average Kansas City property tax rate is 1.17%.

Kentucky
Flag of Kentucky

Median Annual Property Tax: $1,200
Median Home Value: $140,000
Median Household Income: $45,092
Property Tax as % of Income: 2.7%

The average Louisville property tax rate is 0.86%.

Louisiana
Flag of Louisiana

Median Annual Property Tax: $1,068
Median Home Value: $200,000
Median Household Income: $48,600
Property Tax as % of Income: 2.2%

The average New Orleans property tax rate is 0.68%.

Maryland
Flag of Maryland

The average Maryland property tax rate is 1.02%, based on the state’s average home value of $520,200.

Baltimore Property Tax

Median Annual Property Tax: $3,000
Median Home Value: $300,000
Median Household Income: $71,920
Property Tax as % of Income: 4.2%

The average Baltimore property tax rate is 1.00%.

Massachusetts
Flag of Massachusetts

The average Massachusetts property tax rate is 1.16%, based on the state’s average home value of $295,000.

Boston Property Tax

Median Annual Property Tax: $6,000
Median Home Value: $500,000
Median Household Income: $87,000
Property Tax as % of Income: 6.9%

The average Boston property tax rate is 1.15%.

Michigan
Flag of Michigan

Median Annual Property Tax: $2,796
Median Home Value: $200,000
Median Household Income: $60,000
Property Tax as % of Income: 4.7%

The average Detroit property tax rate is 1.49%.

Minnesota
Flag of Minnesota

Hennepin County Property Tax

Median Annual Property Tax: $3,000
Median Home Value: $250,000
Median Household Income: $76,000
Property Tax as % of Income: 3.9%

The average Minneapolis-St. Paul's property tax rate for Hennepin County is 1.20%.

Nevada
Flag of Nevada

Clark County Property Tax

Median Annual Property Tax: $1,800
Median Home Value: $250,000
Median Household Income: $53,000
Property Tax as % of Income: 3.4%

The average Las Vegas property tax rate for Clark County is 0.72%.

New Jersey
Flag of New Jersey

Median Annual Property Tax: $7,716
Median Home Value: $320,000
Median Household Income: $62,228
Property Tax as % of Income: 12.4%

The average Northern New Jersey property tax rate is 2.41%, based on the area’s average home value of $320,000. Northern New Jersey includes Neward, Bergen-Passaic, Middlesex-Somerset-Hunterdon, Jersey City, and Monmouth-Ocean.

New York
Flag of New York

The average New York property tax rate is 1.54%, based on the area’s average home value of $487,000.

New York City Property Tax

Median Annual Property Tax: $8,256
Median Home Value: $450,000
Median Household Income: $70,000
Property Tax as % of Income: 11.8%

The average New York City property tax rate is 1.68%.

Buffalo Property Tax

Median Annual Property Tax: $3,000
Median Home Value: $115,000
Median Household Income: $42,200
Property Tax as % of Income: 7.1%

The average Buffalo property tax rate is 2.61%.

Rochester Property Tax

Median Annual Property Tax: $3,600
Median Home Value: $135,000
Median Household Income: $53,900
Property Tax as % of Income: 6.7%

The average Rochester property tax rate is 2.66%.

North Carolina
Flag of North Carolina

Charlotte Property Tax

Median Annual Property Tax: $1,500
Median Home Value: $150,000
Median Household Income: $45,100
Property Tax as % of Income: 3.3%

The average Charlotte property tax rate is 1.00%.

Raleigh Property Tax

Median Annual Property Tax: $2,100
Median Home Value: $264,000
Median Household Income: $75,000
Property Tax as % of Income: 2.8%

The average Raleigh property tax rate for Wake County is 0.86%.

Ohio
Flag of Ohio

The average Ohio property tax rate is 1.55%, based on the area’s average home value of $190,200.

Columbus Property Tax

Median Annual Property Tax: $2,496
Median Home Value: $139,000
Median Household Income: $50,000
Property Tax as % of Income: 5%

The average Columbus property tax rate is 1.79%.

Cuyahoga County Property Tax

Median Annual Property Tax: $2,796
Median Home Value: $150,000
Median Household Income: $53,400
Property Tax as % of Income: 5.2%

The average Cleveland property tax rate for Cuyahoga County is 1.88%.

Cincinnati Property Tax

Median Annual Property Tax: $2,100
Median Home Value: $180,000
Median Household Income: $67,150
Property Tax as % of Income: 3.1%

The average Cincinnati property tax rate is 1.38%.

Oklahoma
Flag of Oklahoma

Median Annual Property Tax: $1,200
Median Home Value: $150,000
Median Household Income: $51,600
Property Tax as % of Income: 2.3%

The average Oklahoma City property tax rate is 0.80%.

Oregon
Flag of Oregon

Median Annual Property Tax: $3,816
Median Home Value: $400,000
Median Household Income: $75,300
Property Tax as % of Income: 5.1%

The average Portland property tax rate is 0.99%.

Pennsylvania
Flag of Pennsylvania

The average Pennsylvania property tax rate is 1.38%, based on the area’s average home value of $276,700.

Philadelphia Property Tax

Median Annual Property Tax: $4,440
Median Home Value: $270,000
Median Household Income: $71,570
Property Tax as % of Income: 6.2%

The average Philadelphia property tax rate is 1.49%.

Pittsburgh Property Tax

Median Annual Property Tax: $2,496
Median Home Value: $160,000
Median Household Income: $55,800
Property Tax as % of Income: 4.5%

The average Pittsburgh property tax rate is 1.63%.

Rhode Island
Flag of Rhode Island

Median Annual Property Tax: $3,300
Median Home Value: $225,000
Median Household Income: $49,500
Property Tax as % of Income: 6.7%

The average Providence property tax rate is 1.47%.

Tennessee
Flag of Tennessee

Nashville Property Tax

Median Annual Property Tax: $1,284
Median Home Value: $165,000
Median Household Income: $48,000
Property Tax as % of Income: 2.7%

The average Nashville property tax rate is 0.78%.

Memphis Property Tax

Median Annual Property Tax: $1,296
Median Home Value: $165,000
Median Household Income: $45,000
Property Tax as % of Income: 2.9%

The average Memphis property tax rate is 0.90%.

Texas
Flag of Texas

The average Texas property tax rate is 1.75%, based on the state’s average home value of $247,000.

Harris County Property Tax

Median Annual Property Tax: $3,516
Median Home Value: $200,000
Median Household Income: $60,000
Property Tax as % of Income: 5.9%

The average Houston property tax rate for Harris County is 1.84%.

Dallas Property Tax

Median Annual Property Tax: $4,176
Median Home Value: $250,000
Median Household Income: $66,000
Property Tax as % of Income: 6.3%

The average Dallas property tax rate is 1.77%.

Bexar Property Tax

Median Annual Property Tax: $3,000
Median Home Value: $155,000
Median Household Income: $53,200
Property Tax as % of Income: 5.6%

The average San Antonio property tax rate for Bexar County is 1.94%.

Travis County Property Tax

Median Annual Property Tax: $3,648
Median Home Value: $200,000
Median Household Income: $55,000
Property Tax as % of Income: 6.6%

The average Austin property tax rate for Travis County is 1.82%.

Tarrant County Property Tax

Median Annual Property Tax: $2,496
Median Home Value: $125,000
Median Household Income: $50,000
Property Tax as % of Income: 5%

The average Fort Worth-Arlington property tax rate for Tarrant County is 2.00%.

Virginia
Flag of Virginia

The average Virginia property tax rate is 0.72%, based on the area’s average home value of $250,000.

Virginia Beach - Norfolk Property Tax

Median Annual Property Tax: $1,944
Median Home Value: $220,000
Median Household Income: $53,800
Property Tax as % of Income: 3.6%

The average Virginia Beach-Norfolk property tax rate is 0.88%.

Washington
Flag of Washington

King County Property Tax

Median Annual Property Tax: $4,932
Median Home Value: $500,000
Median Household Income: $90,000
Property Tax as % of Income: 5.5%

The average Seattle property tax rate for King County is 0.94%.

Wisconsin
Flag of Wisconsin

Median Annual Property Tax: $3,888
Median Home Value: $230,000
Median Household Income: $60,000
Property Tax as % of Income: 6.5%

The average Milwaukee property tax rate is 1.64%.

Property Tax Rates - Top 50 Metro Areas

City State Average Property Tax Rate
BirminghamAlabama0.38%
PhoenixArizona0.64%
TucsonArizona1.05%
AnaheimCalifornia0.65%
Los AngelesCalifornia0.69%
OaklandCalifornia0.9%
San BernardinoCalifornia0.85%
SacramentoCalifornia1.02%
San DiegoCalifornia0.7%
San FranciscoCalifornia0.74%
San JoseCalifornia0.66%
DenverColorado0.52%
HartfordConnecticut2.06%
Washington, D.C.District of Columbia0.88%
JacksonvilleFlorida0.96%
MiamiFlorida1.04%
OrlandoFlorida0.98%
Tampa Bay - St. PetersburgFlorida0.95%
AtlantaGeorgia0.92%
ChicagoIllinois2.13%
IndianapolisIndiana0.95%
Kansas CityKansas1.17%
LouisvilleKentucky0.86%
New OrleansLouisiana0.68%
BaltimoreMaryland1%
BostonMassachusetts1.15%
DetroitMichigan1.49%
MinneapolisMinnesota1.2%
Las VegasNevada0.72%
Northern New JerseyNew Jersey2.41%
New York CityNew York1.68%
BuffaloNew York2.61%
RochesterNew York2.66%
CharlotteNorth Carolina1%
RaleighNorth Carolina0.86%
ColumbusOhio1.79%
ClevelandOhio1.88%
CincinnatiOhio1.38%
Oklahoma CityOklahoma0.8%
PortlandOregon0.99%
PhiladelphiaPennsylvania1.49%
PittsburghPennsylvania1.63%
ProvidenceRhode Island1.47%
NashvilleTennessee0.78%
MemphisTennessee0.9%
HoustonTexas1.84%
DallasTexas1.77%
San AntonioTexas1.94%
AustinTexas1.82%
Fort Worth - ArlingtonTexas2%
Virginia Beach - NorfolkVirginia0.88%
SeattleWashington0.94%
MilwaukeeWisconsin1.64%

Source: U.S. Census Bureau - American Housing Survey

Which city has the most affordable property taxes?

Looking at property tax rates on its own doesn't give much information. You'll need to consider the home values to calculate your annual property tax bill, and your household income. Having a high property tax bill might not be as unaffordable if your household income is high, compared to having high annual property tax dues with a low household income.

Among the top 50 metropolitan areas in the United States, the most affordable city is New Orleans, Louisiana. The median annual property tax in New Orleans is just $1,068, and while the median household income is also slightly lower at $48,600, it results in property tax making up just 2.2% of a household's annual income.

Close contenders in terms of property tax affordability are Oklahoma City, with property tax being 2.3% of annual household income, and Indianapolis at 2.5%.

One of the least affordable cities is Northern New Jersey, where property tax accounts for 12.4% of a household's median annual income. Other cities include New York City, where property tax takes up 11.8% of household income, and Boston at 6.9% of household income taken up by annual property tax.