Report: Texans pay some of the nation’s highest property taxes

(KPRC 2)

HOUSTON – In a recent study, WalletHub compared property tax data from each of the 50 states and the District of Columbia. And, no surprise, Texas has some of the highest property tax rates in the nation.

At 1.81 percent, the Lone Star State totes the sixth-highest average ‘real-estate property tax rate’ in the country, behind New Jersey, Illinois, New Hampshire, Connecticut and Wisconsin, according to WalletHub.

WalletHub also looked at median home values in each state in its comparison.

The median home value in Texas is $161,700, the 18th lowest of any state in the country.

Annual taxes on a $161,700 Texas home amount to $2,922. That figure is the 15th highest in the nation, according to WalletHub.

The average U.S. household spends $2,375 on property taxes each year, according to the U.S. Census Bureau.

Read the full report here.

U.S. states with the highest property taxes in 2020

  • New Jersey: 2.47 percent
  • Illinois: 2.3 percent
  • New Hampshire: 2.2 percent
  • Connecticut: 2.11 percent
  • Wisconsin: 1.91 percent
  • Texas: 1.81 percent
  • Nebraska: 1.77 percent
  • New York: 1.71 percent
  • Rhode Island: 1.66 percent
  • Pennsylvania: 1.59 percent

U.S. states with the lowest property taxes in 2020

  • Hawaii: 0.27 percent
  • Alabama: 0.42 percent
  • Colorado: 0.53 percent
  • Louisiana: 0.53 percent
  • District of Columbia: 0.55 percent
  • Delaware: 0.56 percent
  • South Carolina: 0.57 percent
  • West Virginia: 0.59 percent
  • Wyoming: 0.61 percent
  • Arkansas: 0.63 percent

About the Author:

Briana Zamora-Nipper joined the KPRC 2 digital team in 2019. When she’s not hard at work in the KPRC 2 newsroom, you can find Bri drinking away her hard earned wages at JuiceLand, running around Hermann Park, listening to crime podcasts or ransacking the magazine stand at Barnes & Noble.