The states with the lowest real estate taxes vary depending on a number of factors, including local property values, local tax policies, and the overall economic climate. However, some of the states that consistently rank among the lowest in terms of real estate taxes include:
- Hawaii: Hawaii has some of the lowest real estate taxes in the United States. The average effective property tax rate in Hawaii is just 0.28%.
- Alabama: Alabama has an average effective property tax rate of just 0.41%, making it one of the most affordable states in the country in terms of real estate taxes.
- Louisiana: The average effective property tax rate in Louisiana is 0.51%, making it another state with relatively low real estate taxes.
- Delaware: Delaware has an average effective property tax rate of 0.55%, which is among the lowest in the country.
- West Virginia: West Virginia has an average effective property tax rate of 0.59%, making it another state with relatively low real estate taxes.
It's important to note that while these states have low property tax rates, other factors such as housing prices and the overall cost of living may vary widely. Additionally, local tax rates and exemptions can vary within each state, so it's important to research specific areas of interest.