Some states have affordable housing property tax rates that are less than 1% and typical annual property tax payments that are only a few hundred dollars.
1. New Jersey Average effective property tax: 2.21%, 2022 average home value: $470,981, Average annual property tax paid: $10,409.
2. Illinois Average effective property tax: 2.05%, 2022 average home value: $262,134, Average annual property tax paid: $5,374.
3. New Hampshire Average effective property tax: 1.96%, 2022 average home value: $443,793, Average annual property tax paid: $8,698.
4. Vermont Average effective property tax: 1.82%, 2022 average home value: $366,246, Average annual property tax paid: $6,666.
5. Connecticut Average effective property tax: 1.76%, 2022 average home value: $373,373, Average annual property tax paid: $6,571.
6. Texas Average effective property tax: 1.66%, 2022 average home value: $308,392, Average annual property tax paid: $5,119.
7. Wisconsin Average effective property tax: 1.63%, 2022 average home value: $266,908, Average annual property tax paid: $4,351.
8. Nebraska Average effective property tax: 1.61%, 2022 average home value: $244,619, Average annual property tax paid: $3,938.
9. Ohio Average effective property tax: 1.58%, 2022 average home value: $212,757, Average annual property tax paid: $3,362.
10. Iowa Average effective property tax: 1.50%, 2022 average home value: $197,330, Average annual property tax paid: $2,960.
11. Pennsylvania Average effective property tax: 1.49%, 2022 average home value: $265,724, Average annual property tax paid: $3,959.
12. Rhode Island Average effective property tax: 1.43%, 2022 average home value: $433,666, Average annual property tax paid: $6,201.
13. Michigan (Tie) Average effective property tax: 1.38%, 2022 average home value: $228,708, Average annual property tax paid: $3,156.
14. New York (Tie) Average effective property tax: 1.38%, 2022 average home value: $370,445, Average annual property tax paid: $5,112.
15. Kansas Average effective property tax: 1.32%, 2022 Average home value: $210,447, Average annual property tax paid: $2,778.
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