Property Tax Rates By State. States tax real property in a variety of ways: For state and local governments, property taxes are necessary to function.

The state per capita tax burden is at $2,847, twice the national average of $1,518.

Census bureau, the median property tax bill in the state is upwards of $7,400, and the average effective tax rate across the state is 2.13%. The tax rate varies greatly based on the public amenities offered and revenue required by local government. This tax rate is multiplied by the assessed cost or value of the property. The following tables are sortable. You may deduct up to $10,000 ($5,000 if married filing separately) for a combination of property taxes and either state and local income taxes or sales taxes. The median property tax in new jersey, for example is 1.89%, while in louisiana the median is.18. Some states don't tax business personal property. Just like the state sales tax or unlike the state income tax, every state imposes a depending on where you live, the property tax rate can be as low as 0.27% or as high as 2.47%. The list is sorted by state median property tax, from lowest to highest. In order to rank property taxes, by state, from highest to lowest, researchers compared all 50 states and the district of columbia using u.s. Property taxes are used to generate income for the state services.