U.S. State-by-State Property Taxes

Posted: February 27, 2023 | Source: www.youtube.com

Florida has one of the country’s lowest tax rates with no state income tax or vehicle tax and reasonable property taxes. According to Wallet Hub, “the average American household spends $2,690 on property taxes for their homes each year. And residents of the 26 states with vehicle property taxes shell out another $444 per year. Hawaii has the lowest overall property tax rate at 0.29% while Alabama has the lowest median tax at $646.

Property Taxes in Florida (1^st=Lowest; 25^th=Avg.):

• Real-Estate Property Tax Rank: 24^th
• Vehicle Property Tax Rank: 1^st
• Real-Estate Tax on Median State Home Value: $2,110
• Real-Estate Tax on Median U.S. Home Value: $2,143
• Vehicle Property Tax on Best-Selling Car: $0