These states have the highest property taxes in America, according to a study by WalletHub. Taxes are often used as an indicator of what people can afford, and if you’re looking for affordability on a budget, it may be time to consider moving somewhere else!

The “which states have no property tax on homes” is a question that has been asked many times. The states with the best property taxes are Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming.

Many Americans may be seeking for new residences in their present state or wanting to relocate to a new one as a result of the expansion of remote job opportunities.

There are a few things to think about whether you’re purchasing a house as part of your monthly mortgage payment, financing your home with savings, or searching for an investment property.

When determining your mortgage payment, it’s crucial to consider property taxes, homeowners insurance, and how tax-friendly each state is for its citizens.

For all 50 states and the District of Columbia, MoneyGeek examined the real estate tax rate, the yearly taxes on a $194,000 house, the state median home value, and the annual taxes on properties priced at that state median value.

Based on their actual real estate tax rate, states are ranked. The top 25 states with the most reasonable property taxes are shown below.

Photograph courtesy of istockphoto/dragana991.

Oklahoma (25).

Depositphotos_215191524_m-2015

  • Real estate tax rate in effect: 0.90 percent
  • Taxes on a $194,000 house per year are $1,746.
  • Home median value in the state: $147,000
  • Home priced at State Median Value: $1,323 in Annual Taxes

The median house value in Oklahoma places the state 48th out of 51 in the nation, moving it up three ranks from 2019. It is also a somewhat desirable area to reside due to its average property tax rate. If you were in the middle of the nation, you could probably fly anywhere and still make it to your business meeting.

DepositPhotos.com, source of the image.

Florida 24.

Depositphotos_11499799_m-2015

  • Real estate tax rate in effect: 0.89 percent
  • $1,727 in year taxes on a $194,000 house.
  • Home median value in the state: $245,100
  • Annual Taxes on a House with a Median State Value Price: $2,181

Florida is an excellent spot to escape a severe winter in addition to having a lower real estate tax rate. It may be a desirable location whether you’re trying to slow down or integrate into a bustling city since it has a number of large cities, including Orlando, Tampa, St. Petersburg, Jacksonville, and Miami, as well as a number of “retiree-friendly” towns.

DepositPhotos.com, source of the image.

Kentucky 23

iStock-497416361

  • Real estate tax rate in effect: 0.86 percent
  • Taxes on a $194,000 house each year are $1,668.
  • Home median value for the state: $151,700
  • Home Priced at State Median Value: $1,305 in Annual Taxes

You’re only looking at a little over $100 per month in property taxes if your house is close to Kentucky’s state median value. Real estate taxes in the state are only.86 percent, making it a desirable alternative for those emigrating from more expensive areas.

DepositPhotos.com, source of the image.

Indiana 22

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  • Real estate tax rate in effect: 0.85%
  • Taxes on a $194,000 house per year are $1,649
  • Home median value for the state: $156,600
  • Home priced at State Median Value: $1,326 in Annual Taxes

Indiana is a desirable alternative for folks wanting to lower their cost of living since it has the 22nd lowest property tax rate in the nation and the 45th lowest median house value in the nation. Added benefit? Its broad areas provide excellent territory for raising a family.

DepositPhotos.com, source of the image.

North Carolina (21.

Depositphotos_70464237_l-2015

  • Real estate tax rate in effect: 0.84 percent
  • $1,630 in annual taxes for a $194,00 home
  • Home median value in the state: $193,200
  • Home priced at State Median Value: $1,623 in Annual Taxes

North Carolina is a terrific area to live and work, and the state’s average house value and somewhat low property tax rate undoubtedly assist. Your yearly taxes will be modest since it is tied for 20th place for property taxes and has a median house value considerably below $200,000. The Research Triangle might also be a beautiful alternative if you work in the area of technology or health research.

DepositPhotos.com, source of the image.

Montana 20.

Flathead_river_Polson_Montana

  • Real estate tax rate in effect: 0.84 percent
  • $1,630 in annual taxes for a $194,00 home
  • Home median value for the state: $253,600
  • Annual Taxes on a House with a Median State Value Price: $2,130

Montana could be the one for you since it has some of the most breathtaking landscapes in the nation. It should not be surprising that many individuals are relocating to this state to get away from it all since it also offers a slower pace of life and a relatively low median house value.

David Butler is the photographer.

Virginia 19.

virginia_4SXLxor

  • Real estate tax rate in effect: 0.82 percent
  • $1,591 in annual taxes on a $194,000 house.
  • $288,800 is the average state home price.
  • Annual Taxes on a House with a Median State Value Price: $2,368

Virginia’s real estate is in the top third of the nation’s median value list due to its closeness to Washington, D.C., as well as its wide seashore. It ranks No. 14 for the median house value in the state and No. 19 for property taxes. Many D.C. professionals who cannot afford the city’s median house value like it.

Image by tmersh.

Mississippi 18.

Mississippi_rgxQSn0

  • Real estate tax rate in effect: 0.81 percent
  • $1,571 in annual taxes on a $194,000 house.
  • Home median value in the state: $128,200
  • Home priced at State Median Value: $1,038 in Annual Taxes

If you’re attempting to keep within a housing budget, Mississippi is the best state to reside in since it has some of the lowest property prices and taxes. Both the cost of life and the price of higher education are inexpensive.

SeanPavonePhoto/iStockPhoto is credit for the image.

New Mexico 17.

new_mexico

  • Real estate tax rate in effect: 0.80%
  • Taxes on a $194,000 house per year are $1,552.
  • Home median value in the state: $180,900
  • Home priced at State Median Value: $1,447 in Annual Taxes

New Mexico is a great destination to think about if you’re trying to stretch your housing expenses since it ranks No. 17 for property tax rates and No. 36 for median house value. There are more chances for individuals abandoning the expensive beaches as a result of the state’s present modest population growth.

Picture Source: Davel5957.

California 16

california

  • Real estate tax rate in effect: 0.76 percent
  • $1,474 in year taxes on a $194,000 house.
  • State median price for a home: $568,500
  • Annual Taxes on a House with a Median State Value Priced at $4,321

California’s property tax rate is among the lowest in the nation, placing it in the bottom third. On our list, however, it has the highest yearly tax dollar amount due to its high median property value. You may still benefit from the relatively low tax rate if you can locate any cheaper housing prices, which are often outside of larger cities.

Art Wager provided the photo.

Tennessee 15.

Great_Smoky_Mountains_Tennessee

  • Real estate tax rate in effect: 0.71 percent
  • $1,377 in year taxes on a $194,000 house.
  • Home median value in the state: $191,900
  • Home priced at State Median Value: $1,362 in Annual Taxes

Some of the largest healthcare organizations in the nation are based in Tennessee. You might benefit more from reduced rates in smaller cities and villages since housing is more readily available and more reasonably priced.

Nathan Merrill provided the photo.

14. Idaho

Deer_Creek_Hailey_Idaho

  • Real estate tax rate in effect: 0.69 percent
  • Taxes on a $194,000 house each year are $1,339
  • Home median value for the state: $255,200
  • Home Priced at State Median Value: $1,761 in Annual Taxes

Idaho, which shares a border with Montana to the west, is also near enough to Seattle and Portland for remote workers from larger cities to consider it as an alternative. This is a particularly suitable option to states that are tech-centric because of the low property taxes and 20th-ranked house prices in the country.

Shanecotee provided the photo.

Arizona 13.

Tucson_Arizona

  • Real estate tax rate in effect: 0.66 percent
  • $1,280 in annual taxes on a $194,000 home
  • median home value in the state: $255,900
  • Home priced at State Median Value: $1,689 in Annual Taxes

Arizona property taxes would only cost you $150 per month based on the median house value and real estate tax rate. That’s not bad at all! People seeking a change of scenery and climate often go to this state because of its pleasant weather.

Sean Pavone/iStock is credit for the photo.

12. Utah

UTAH_Salt_Lake_City

  • Real estate tax rate in effect: 0.63 percent
  • $1,222 in year taxes for a $194,00 home
  • $330,300 is the average state home value.
  • Home Priced at State Median Value: $2,081 in Annual Taxes

Utah ranks No. 11 in the nation for highest house prices, thanks to expanding communities like Salt Lake City and Provo. But because of its high property taxes, it falls to No. 10 on our ranking. It is something to think about if you like skiing and other winter activities and are looking for a state near to the West Coast.

Andrey Krav, photographer

eleven. Arkansas

Depositphotos_165817368_s-2019

  • Real estate tax rate in effect: 0.62 percent
  • Taxes on a $194,000 house per year are $1,203.
  • Home median value in the state: $136,200
  • Annual Taxes on a House with a Median State Value Price: $844

Arkansas is now ranked 11th overall and 49th out of 51 states in terms of median house value. It is a good place to live if you want to stretch your budget because of its reasonable property tax rates. For those who like the outdoors, it also provides stunning landscapes and a variety of activities.

DepositPhotos.com, source of the image.

Wyoming 10.

Buford_Wyoming_population_one

  • Real estate tax rate in effect: 0.61 percent
  • A $194,000 home has $1,183 in yearly taxes.
  • $235,200 is the average state home price.
  • Home priced at State Median Value: $1,435 in Annual Taxes

Despite being ranked No. 24 on our list of median house values, your home on the range has one of the lowest property tax rates at only.61 percent. Due of Wyoming’s broad terrain, it is also feasible to disperse, locate a larger area, and do some job.

dschreiber29 provided the photo.

9. Nevada

Depositphotos_48728369_s-2019

  • Real estate tax rate in effect: 0.60 percent
  • A $194,000 home has $1,164 in yearly taxes.
  • $317,800 is the average state home value.
  • Annual Taxes on a House with a Median State Value Priced at $1,907

Nevada ranks 27th for median house value and No. 9 for most advantageous property taxes. Property taxes might cost you a little bit more than $100 every month. Nevada may be worth a second look for those who desire warm weather but don’t want the rapid expansion of places like Phoenix.

DepositPhotos.com, source of the image.

West Virginia, 8.

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  • Real estate tax rate in effect: 0.58 percent
  • $1,125 in year taxes on a $194,00 home
  • Home median value in the state: $124,600
  • Annual Taxes on a Residence with a State Median Value Priced at $723

You’re looking at some of the finest taxes in the nation with the lowest median property value and one of the lowest property tax rates.

Alabama is the only other state on our list where property taxes are less expensive relative to the median house value.

DepositPhotos.com, source of the image.

South Carolina 7.

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  • Real estate tax rate in effect: 0.57 percent
  • $1,106 in annual taxes on a $194,000 house
  • Home median value in the state: $179,800
  • Home Priced at State Median Value: $1,025 in Annual Taxes

You can expect to pay around $85 per month in property taxes in South Carolina since its median house prices rank No. 37 and its property tax rates rank No. 6. You will have many reasons to rejoice living here if you like college football.

DepositPhotos.com, source of the image.

Delaware 6.

delaware

  • Real estate tax rate in effect: 0.57 percent
  • $1,106 in annual taxes on a $194,000 house
  • Home median value in the state: $261,700
  • Home Priced at State Median Value: $1,492 in Annual Taxes

Delaware has one of the highest median house prices yet one of the lowest property tax rates (the bottom 20%). It’s an excellent spot for folks who want to get away from the large cities but yet be near enough to commute to go there in a few hours since it is bordered by Pennsylvania, New Jersey, and Maryland.

Image by mdgmorris.

5. Washington, D.C.

Depositphotos_77886538_l-2015

  • Real estate tax rate in effect: 0.56 percent
  • A $194,000 home has $1,086 in yearly taxes.
  • $646,500 is the average state home price.
  • Home priced at the state median value: $3,620 in annual taxes

Because house prices in Washington, D.C., are so low, it’s a good thing that property taxes are so cheap. When it comes to median property prices that have surpassed $500,000, it comes in second place after Hawaii. But keep in mind that D.C. has no senators and very limited voting rights for its representative in the House of Representatives.

DepositPhotos.com, source of the image.

Louisiana 4.

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  • Real estate tax rate in effect: 0.55 percent
  • A $194,000 home has $1,067 in yearly taxes.
  • Home median value in the state: $172,100
  • Annual Taxes on a Residence with a State Median Value Priced at $947

Louisiana has some of the lowest yearly taxes on homeowners in the nation as one of the states with the lowest property tax rates and one of the lowest median house prices (No. 40). It is one of only five states where the yearly taxes on residences with state median values did not exceed $400,000.

DepositPhotos.com, source of the image.

Colorado 3.

iStock-1268624137

  • Real estate tax rate in effect: 0.51 percent
  • $989 in year taxes on a $194,000 house.
  • Home median value in the state: $394,600
  • Annual Taxes on a House with a Median State Value Price: $2,012

If you’re seeking for picturesque landscapes and breathtaking mountain vistas, Colorado is one of the greatest states in the US. If you’re shopping for a house, it’s even more appealing since it has one of the top ten best property tax rates.

Jacob Boomsma of istockphoto provided the photo.

2. Alabama

alabama

  • Real estate tax rate in effect: 0.41 percent
  • Taxes on a $194,000 house each year are $795.
  • Home median value in the state: $154,000
  • Home Valued at the State Median Taxes Per Year: $631

Alabama will undoubtedly be on the list of the states with the lowest tax burdens. In a rating of house prices around the nation, the state comes in at number 47, and it also has the second-lowest property tax rate. Alabama narrowly prevails by $91 when compared to West Virginia’s taxes on median house value.

Sean Pavone/iStockPhoto provided the picture.

1. Hawaii

hawaii

  • Real estate tax rate in effect: 0.28 percent
  • $543 in year taxes on a $194,000 house.
  • $669,200 is the average state home price.
  • Home Priced at State Median Value: $1,874 in Annual Taxes

Hawaii has the highest median property values nationwide, therefore it’s a good thing that it has the lowest property tax rates. For a property with the median state value, you’ll easily pay more yearly taxes than in other states. However, you’ll save the most on your overall property taxes if you can locate a house for less. Additionally, you’ll experience sunrises and sunsets that others may only imagine.

MediaFeed.org syndicated this story after it first published on MoneyGeek.com.

Art Wager provided the photo.

Read more from MediaFeed

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Perinjo/Istockphoto is credit for the image.

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States with no property tax for seniors are the states that have the most favorable property taxes. Reference: states with no property tax for seniors.

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