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See the average property tax rates for each state in the U.S. in 2024, ranked from lowest to highest.

Property Taxes By State 2024: Ranked Lowest to Highest

Key takeaways on state property taxes in the US

Property taxes are based on the assessed value of a home and vary depending on the tax rate and property value. If you own a high value property in a lower-tax state, you may still pay more than on a modest home in a higher-tax state. 



The states with lowest property tax include Hawaii with the lowest property tax rate at 0.29%, followed by states like Alabama, Colorado, Nevada, and Louisiana.



New Jersey has the highest property tax rate at 2.47%, followed by Illinois, Connecticut, New Hampshire, and Vermont.



There are 14 counties with an estimated median property tax above $10,000 across California, New York, New Jersey and Virginia. 


If you're looking for states with no property tax, you won't find any in the US. There are no states without property tax in 2024, although Texas recently passed the biggest property tax cuts in history and there are five US states offering tax relief, credits or rebates. These are Colorado, Indiana, Pennsylvania, Texas and Wisconsin. 

Everyone pays property taxes. Homeowners and investors are the first to investigate states with the lowest property taxes, but residents also benefit from the funding in communities that local property taxes provide (like schools, roads, and fire departments). That means everyone should get curious about property taxes. 

How much a homeowner will pay in property taxes has as much to do with the tax rate as it does with that property’s value. 

When you’re looking to analyze your cash flow or want to better understand the annual costs of a rental home, it’s important to know what tax rate you might pay in your state (and whether your property is in one of the states with the high or low property taxes!). Note that property taxes apply at a local level, so state percentages are based on medians rates. 

Discover Belong: Enhance your rental home experience and financial goals with Belong's simplified services, available in various cities including  Seattle, San Francisco, San Diego, Los Angeles, Tampa, Orlando, Jacksonville, Miami, Oakland, Redmond, and many more. 

Property taxes are based on the assessed value of your home. Though the assessor doesn’t set the tax rate, their assessment of your home value is a key piece of the property tax equation.

Some municipalities use what’s called a mill levy, where 1 mill = $1 of property tax for every $1,000 of assessed value. Others use a property tax rate. Assessed value is calculated as a percentage of the property’s fair market value.

For example, if you owned a home in California that was valued at $573,200, and the property tax rate for 2023 is 0.75%, you would owe $4,279 in property taxes this year. 

That’s why, when it comes to calculating the annual cash flow on a rental home, the property tax rate is equally as important as the home’s assessed value. Even if the state has a low average property tax rate, you may still pay more per year in property taxes if home values are higher than you would in a state with a higher tax rate but lower average home values. 

To make the right decision for you, consider the effective property tax rates by state, starting with the states with the lowest property taxes. This data is based on the 5-year average US Census data, calculated by dividing the median real estate tax paid by the median home value. Your actual rate depends on the local city and the value of your home, so this should be used as an approximate guide only. 

What states have the lowest property taxes 2024? 

The state with the lowest property tax rate is Hawaii, giving investors even more reason to consider the Aloha State. Though their effective property tax rate is a low 0.29%, there are actually several states with property taxes under 1%. The states with an effective property tax of 0.5% or less are Hawaii, Alabama, Colorado, Nevada, Utah, South Carolina, West Virginia, and District of Columbia. 

According to investment guide, The Motley Fool, here are the five states with the lowest property taxes in 2024, alongside their median home values and annual taxes, based on the latest available Census data and 5-year averages. 

The states with the lowest property taxes are: 

Average Effective Property Tax Rate: 0.29%

Annual Taxes On a Median-Priced Home: $1,915

Average Effective Property Tax Rate: 0.43%

Annual Taxes On a Median-Priced Home: $742

Average Effective Property Tax Rate: 0.52%

Annual Taxes On a Median-Priced Home: $2,125

Average Effective Property Tax Rate: 0.55%

Annual Taxes On a Median-Priced Home: $1,793

Average Effective Property Tax Rate: 0.57%

Annual Taxes On a Median-Priced Home: $1,972

Though a low average effective property tax rate may sound ideal, it’s not the only property tax figure that counts. The actual amount a homeowner will pay has everything to do with that home’s value. Homeowners in Alabama, for example, may pay less per year in property taxes than Hawaiian homeowners, for example, because most home values in Alabama are lower than those in Hawaii. 

Investors need to consider not only the property tax rate, but what that means for their specific property.  

Which states are offering property tax cuts or relief in 2024?

There are five states providing either temporary or voter-approved property tax relief in 2024. For homeowners hoping for property tax cuts, you're in luck if you own a home in:

Colorado (no increased and proposed cuts from 2025)

Indiana (rebates and increased income thresholds

Pennsylvania (rebates and increased income thresholds)

Texas (voter approved "texas-sized" property tax cut)

What states have the highest property taxes 2024? 

The state with the highest property tax rate is New Jersey. The actual rate paid will depend on the value of your property, but the property tax on a median-priced home in New Jersey has averaged more than $8,000 per year in the 5-year averages. The top-5 most expensive states for property tax have a rate between 1.9% - 2.46% and include New Jersey, Illinois, Connecticut, New Hampshire and Texas. 

The top-5 states with the highest property taxes: 

Average Effective Property Tax Rate: 2.46%

Annual Taxes On a Median-Priced Home: $8,928

Average Effective Property Tax Rate: 2.29%

Annual Taxes On a Median-Priced Home: $5,213

Average Effective Property Tax Rate: 2.16%

Discover the average property tax rates for each state in the U.S. in 2024, ranked from lowest to highest, including insights on states without property tax

Better Cash Flow for Your Rental Home

Is eviction protection worth it or another hidden fee from property management companies? Belong shows how homeowners can get a real safety net for evictions

How To Avoid Costly Evictions With Belong’s Game-Changing Safety Net For Homeowners

Rental evictions can be unpredictable — which also means costly. 

If an eviction is contested, legal fees can add up fast. The fear of a costly eviction is why many property management companies started offering what they call eviction protection packages. Only there’s a catch. Many of these packages cost extra and, if you read the fine print, limit what they cover. 

Some homeowners find themselves covered for little more than court filing costs. Depending on the fees of your local county, this could cost the same as the ‘protection’.

It’s these kinds of deceptive moves and hidden costs that Belong came here to disrupt. When we looked at how to protect homeowners from costly evictions, we made sure we addressed the heart of the problem and provided real coverage. 


Why Belong’s eviction safeguards are a game-changer for homeowners


According to Eviction Lab tracking, rental homeowners in 10 states filed for more than 1 million evictions in the last 12 months. Over 75,000 of those took place in February 2024.

We don’t want our homeowners in those statistics. This is why Belong’s eviction safeguards start by seeking to avoid them in the first place. Belong offers peace of mind to homeowners by approaching this problem from both sides:


1. We place residents that are here to stay

Everyone needs a place to call home. With homeownership out of reach for many Americans, there is an increasing need for livable long-term rental housing. Our first priority is preparing your home and finding reliable residents who are ready to make themselves at home. 

For too long, renters have been treated like second-class citizens by traditional property managers, while homeowners are left frustrated by hidden fees and poor communication. It shouldn’t have to be this way. Our approach and 24/7 support to residents help us find people who pay their rent and don’t need to leave. We believe in our approach so strongly that we also guarantee rent, so your monthly cash flow will never take a hit from anyone we place in your home. 

Read More: Why Belong Focuses on Long-Term Rentals

2. We offer up to $15,000 in real eviction protection


Belong’s eviction protection could be the best coverage you’ll ever need. If Belong ever needs to evict someone we placed — we’ve got you covered with a financial safety net.  

Belong-initiated evictions are covered for up to $15,000 in costs — as much as 5-10x what the average property management package is capped at. This isn’t just court filing fees. We’re talking any valid legal fees that are incurred including the cost of attorney and related fees, court costs, sheriff fees, and process servers.

You don’t need to pay extra to qualify for this service either. Just make sure Belong has initiated the eviction of residents we have placed. We can’t provide compensation for evictions that homeowners go alone or make without prior consultation. 

What are property management eviction protection packages? 


For comparison, we researched other property management eviction protection packages to see what was being offered by the top-rated firms in states like California, Washington and Florida. It was a confusingly mixed bag, but options included:

Expensive premium-tier subscription fees for the option of getting eviction protection capped between $500 - $2,000

Eviction “oversight” is offered, with all attorney fees and legal costs passed on to homeowners

Coverage for court filing fees or uncontested evictions only

Fees and charges of ~$75 - $100 per hour when property managers assist with an eviction or attend court on your behalf


Actual coverage will vary between individual property management companies, just as costs vary based on the jurisdiction of your rental home. But it’s important to note the limits of common eviction protection packages before deciding whether it’s a real safety net for out-of-pocket expenses you may encounter as a homeowner. 

There is a better way to avoid the headache of being stuck in the confusing legal system on your own. Ditch the DIY route and fee-ridden property managers to work with a residential network that will put the best people in your home. With first-class vetting, guaranteed rent and real protection against evictions, you can rest easy knowing Belong is looking after you and your financial interests. 

To see how Belong is simplifying the rental experience (and making it easier to choose long-term renting for your home), visit our homeowner's page and learn about services in places like Austin, Charlotte, Los Angeles, Miami, San Francisco Bay Area, Seattle, and many more.

Protect Your Rental With Better Residents and Real Eviction Protection

How to avoid overpaying for a service that won’t protect your rental home (and what you can do instead).

Do Home Warranties Really Save You Time And Money?

Home warranties promise peace of mind and potential cost savings for homeowners — but are they really worth it? With strict limitations, claim caps and snail-pace response times, the usefulness of home warranties for rental homes is debatable. 

Before purchasing a home warranty for your rental home, we take a look at some of the pitfalls and alternative ways to protect your investment. 

5 reasons why a home warranty might cost more than it's worth

1. The coverage of home warranties is limited

Home warranties should not be confused with home insurance. Warranties have very specific coverage and claim limitations, with caps as low as $2,000. It’s important to read the fine print and find out what you’re actually paying for. If you have new systems installed, you’re likely covered by the product's own warranty. If the system is old, you may have a claim denied based on wear-and-tear or lack of maintenance. 

In the instance of major damage, such as from a storm or accident, you would need to claim this on insurance anyway. Most homeowners would be better off investing in a good rental home insurance policy to get comprehensive coverage.

Read More: What Type of Insurance Should I Get For My Rental Property?

2. A home warranty might not save you any money

If you have appliances in your rental home, it’s worth considering the actual cost of repairing or replacing these items. It may be more cost-effective to replace the item than to have to pay to extend the warranty every year. You should also check the fine print for deductibles and fees that can add to the cost of using your warranty. 

As the District of Columbia points out in their consumer alert on home warranties, there are also caps on warranty claims. They give an example of a boiler costing $12,000 to replace, only for the home warranty coverage to be capped at $1,600. 

If something breaks, you (or your property manager) are still the first contact, not the warranty company. You will need to manage the issue and dealing with a warranty claim could add months to this time.  


Let’s face it, warranty companies aren’t exactly renowned for their speed, which could impact your ability to keep the home in a livable condition. For critical issues such as a broken furnace in winter — you need to act fast. If residents are waiting on a warranty claim, you could find yourself in breach of your own lease obligations. This could give them the right to withhold rent while waiting for repairs or to claim damages and relocation costs, depending on your local ordinances. 

Read More: Why Ignoring Rental Home Maintenance Could Cost You More Than Repairs

One of the conditions of a home warranty is that your appliances and home systems need to be properly maintained. That means if you don’t pay for regular maintenance and it breaks down, they could deny your claim. 

Not all home warranty companies are reputable. The Federal Trade Commission (FTC) has asked homeowners to report instances of fraud after numerous complaints about the coverage and quality of home warranty products. 

The FTC has also noted that some products called home warranties are actually service contracts. They warn that these service contracts often give the same coverage that the product already has included in the purchase price and that they can make the repair process more difficult than using your own contractor.  

3 ways to manage repair costs for a rental home

If a home warranty isn’t the answer for you, how do you protect your rental home from the unexpected? Here are three handy tips. 

The only way to protect your home against accidental damage and unforeseen events is to get the right insurance. Consider what you need to have protected and find a rental home policy to suit (homeowners insurance is only for owner-occupied homes). 

A burst pipe or a tree falling through the roof won’t be covered by a home warranty, but the right insurance policy could save you thousands. 

Read More: Homeowners Insurance vs. Landlord Insurance: What Policy Do You Need?

2. Find reliable, long-term residents for your rental home

A high turnover of tenants can also increase the wear and tear on your home. 

Belong finds long-term residents that will love your home like their own. Not only does this provide a better sense of belonging and community, it also makes good financial sense. Residents who feel at home will take better care and are more likely to let you know when something is amiss. This will help you take care of small issues, before they turn into big, costly ones. 

3. Budget for home maintenance and repairs

Instead of forking out cash for a warranty you may never use, look at setting up a fund for regular maintenance and repairs. Consider the age and condition of your rental home and set aside funds for upkeep and replacement of any aging items. 

If you don’t have access to funds or need help budgeting, Belong’s flexible payment options will let you spread costs over the term of your lease. This gives you your monthly guaranteed rental income, less an installment for the cost of approved repairs. 

Don’t forget, essential repairs are tax deductible for rental homes, so be sure to document how much you spend. 

Read More: 7 Common Rental Property Repairs and How Much They'll Cost You

Belong makes worrying about maintenance and upkeep a thing of the past. Belong's 24/7 customer support puts over 10,000 professional contractors at your fingertips, ready to help whenever you need them. And if you need regular services like snow removal, gutter cleaning or lawn maintenance, we can set up a subscription for these recurring services. You can even spread the payments over your lease, keeping you cashflow-positive.

Learn more about Belong for rental homeowners here.

Disclaimer: Belong thinks the word landlord is outdated and prefers ‘homeowners’. But sometimes we need to make a distinction between owner-occupied homes and rented homes, so we have used the words landlord and tenant a little more than we’d like. This article provides a guide on home warranties and maintenance but should not be considered financial advice.

Do home warranties really save you time and money? How to avoid overpaying for a service that won’t protect your rental home (and what you can do instead).

Better Protection with Guaranteed Rent and Rental Home Insurance

Maximize your cash flow, find better tenants and keep vacancies low.

Rental Success in the Lone Star State: 5 Tips for Texas Landlords

Owning a rental property in the ‘landlord-friendly’ state of Texas has plenty of perks. Texas boasts a potent combination of great weather, strong employment and low taxes that attract plenty of renters to thriving cities like Austin, Dallas, Houston and San Antonio. 

But with reports of rents flattening in 2024 after years of sky-high growth, how do you ensure your Texas rental home works for you and your financial goals? 

To make sure your rental home runs smoothly (and with the best possible cash flow), here are 5 tips for owning a successful rental home in Texas. 

1. Take a long-term approach to your rental property in Texas

After huge price hikes in cities like Austin and Dallas, asking rents are starting to decline across Texas. But this isn’t all bad news for homeowners in the state and here’s why. 

First of all, price drops are largely impacting apartments, where supply has improved in the short-term. In 2024, Dallas and Austin are in the top five cities for supply of new apartments, which has helped to meet demand. But this short-term influx is expected to end in 2025, with new construction declining and long-term supply shortages to continue. 

Then you have the national issue of housing affordability. With homeownership remaining out of reach for many in 2024, demand will remain for livable single-family rental homes in Texas.

This is why having a long-term mindset for your rental home is so important. If your local area does become a renters market, your home should stand out as a place people would love to live in for years to come. Rather than trying to cash in on market fluctuations and riding the rollercoaster of high tenant turnover, look at investing in the livability of your home to make your listing stand out. 

Using this approach, Belong has helped over 2,000 homeowners make sure their rental homes meet a high standard of safety and livability to reduce vacancy, increase rental values, and attract dependable, long-term residents. We know it works, because 82% of Belong Residents renew their 1-year lease.

Read More: How Belong Inspections Reduce Vacancy and Prepare Your Home For New Residents

2. Prepare your Texas home for the market peak

Summer rentals usually make us think of vacation homes, but it’s also when long-term rental demand peaks. Summer is the time when families settle into a new area before the next school year commences. It’s also when people decide they won’t endure another frosty winter. So they look for a new place to call home and seek out the clear blue skies of Texas. 

This makes the winter/early spring months the perfect time to make those upgrades you’ve been putting off. Give your home a fresh coat of paint, tidy up the garden beds and get your home ready to list as rents rise. Establishing a 12-month lease in summer also ensures that renewals or lease expiries also coincide with this market peak year-on-year. 

Read More: Peak Cash Flow: How To Achieve The Best Rent By Listing In Summer

There are few things more important to rental homeowners than positive cash flow. That is, having your rental home earn more income than it costs to operate and service debt. 

Cash flow in real estate is different to profit, because it’s not tied up in the asset itself. Cash flow is the passive income that unlocks a better lifestyle, the reserves to build for retirement — maybe even grow your investment portfolio.

If your residents stop paying their rent, this income will grind to a halt. As the expenses pile up, your cash flow can quickly slip into the negative. Belong protects Texas homeowners against disrupted cash flow by offering guaranteed rent. 

Guaranteed rent means your income is still paid on time, regardless of when we receive it. This makes your passive income more predictable by eliminating payment delays and rent chasing. 

Read More: How Guaranteed Rent is Changing Property Management Forever

Part of being a successful landlord is knowing your rights and responsibilities. But there is no one set of rules that apply to Texas homeowners. Rental housing is governed at a local level, with regulations varying between counties and cities. If you’re self-managing a rental, you’ll need to ensure your lease arrangements are current and keep an eye on proposed changes. 

In September 2023, House Bill 2127 was passed to allow state regulators to override local ordinances and create more consistent laws. But, the cities aren’t happy. This bill is now in litigation with Houston, San Antonio and El Paso all suing to block the legislation. 

That means that until this is resolved, you’ll have to keep an eye on local bills that could impact your rental. For example, Austin and Dallas are the only two cities that have a ‘right to cure’ law and require longer notice periods for evictions. 

Of course, you can also knock this one off your to-do list by hiring a trusted partner to stay up to date for you. 

Read More: What Texas Landlords Need To Know About Rental Housing Laws in 2024

Your rental home can only be a reliable source of income if it stays rented. One way to ensure your rental home remains a successful asset is to invest in proper maintenance of the home and to have the right insurance coverage. 

Budgeting for regular maintenance and insurance is a short-term expense that can pay off long-term. It’s cheaper than having to make major repairs or go through a period where the home can’t be lived in, especially in the case of a fire or natural disaster. 

This is why Belong has built an incredible vendor network of over 10,000 vetted contractors across the country. Homeowners can make instant requests and set up subscriptions for regular maintenance on your rental home — even purchase rental home insurance. And to avoid any dents in your cash flow Belong offers flexible payment options for all maintenance and insurance services. 

Achieve financial freedom with Texas real estate

If you’re looking for a long-term solution and stability in your rental experience, Belong has you covered. We’re making rental finances predictable by offering stable, guaranteed rent. We’re providing flexible payment options to keep your cash flow steady. And we’re doing it while providing a better way of living for the millions of Americans who rent. 

Working together, we can put people first and change what it means to rent a home in Texas. Belong can help you reach your financial goals, while also creating lasting, positive impact on innumerable lives for decades to come.

Interested in learning more about Belong PRO services and availability in Texas? Check out one of our local pages below:

What does it take to own a successful rental home in Texas? Get tips to maximize your cash flow, find better tenants and keep vacancies low.

Melanie Kershaw

Mel Kershaw is a Content Lead at Belong. With an extensive background working with technology companies including Eventbrite and Yelp, she’s always looking for ways to create educational and informative articles that simplifies tech and solves problems for her audience.

Flora Fiorillo

Lauren Slagter

Ale, Owen & Tyler Founders

Jordan Newsom

Ale Resnik

Flora Fiorillo

Lauren Slagter

Ale, Owen & Tyler Founders

Jordan Newsom

Ale Resnik