30 U.S. States With the Lowest Property Taxes in 2025

Owning a home or any property can come with extra expenses. Property taxes make up one of the highest expenses owners have to pay, even after covering the full costs of the property. These taxes can add to financial strain, increasing the inaccessibility of property ownership. However, some U.S. states levy more reasonable property taxes that reduce the financial burdens on owners. These are the 30 U.S. states with the lowest property taxes in 2024:

Hawaii

Hawaii has the lowest effective property tax rate in the United States, averaging only 0.27%. Even with sky-high real estate values, the state grants sizable property tax exemptions for its residents. Hawaii boasts the lowest property taxes in the country and has one of the highest median home prices. Property taxes are lower in the state because the economy mainly depends on tourism.

Alabama

Alabama’s effective property tax rate is about 0.40%, among the country’s lowest. On a $152,000 home, an Alabama homeowner pays approximately $609 annually. It also provides programs that offer additional exemptions for seniors and veterans. The state’s tax-friendly policies keep housing costs within a reasonable range and enable residents to lower their tax burden. Alabama’s property tax revenue funds public schools and infrastructure, yet it still boasts one of the lowest living costs in the U.S.

Louisiana

Louisiana’s property tax rate is 0.51%. The state relies more on sales taxes, which are among the highest in the country. However, this helps to cut down property taxes, making property ownership more affordable. Louisiana also offers a homestead exemption of up to $75,000 that dramatically reduces taxable property values on owner-occupied homes, increasing its appeal to families and retirees.

Delaware

Delaware’s effective property tax rate is 0.57%, meaning an average payment of $1,282 for a home valued at $225,000. The state does not have a sales tax, which further helps residents lower their tax burden. Delaware also has a senior property tax credit, reducing costs for older homeowners.

South Carolina

The property tax rate in South Carolina is 0.57%. Its homebuyers have low annual property taxes, making homeownership more accessible to residents. The state witnesses over 14 million tourists annually, creating more revenue than property taxes. South Carolina also allows a homestead exemption for residents older than 65 that exempts $50,000 of property value from taxes.

West Virginia

West Virginia has a property tax rate of 0.58%, and the average homeowner pays just $726 on a $125,000 home. The state is known for its low cost of living, and the property tax rates mirror this trend. West Virginia also offers homestead exemptions to its seniors and disabled residents, enabling them to lower their tax bills.

Wyoming

Wyoming’s property tax rate averages 0.61%, meaning homeowners pay about $1,220 annually for a $200,000 home. Known for minimal income and sales taxes, Wyoming is one of the most tax-friendly states overall. Wyoming does not collect a state income tax and has vast revenues emerging from energy production that help offset property tax needs.

Arkansas

The property tax rate in Arkansas is about 0.62%. This enables property owners to keep their tax burdens affordable. The state also offers tax exemptions for senior citizens and disabled veterans and homestead tax credits of up to $375 annually. The low tax bills in the state make it an appealing location among families and retirees seeking an affordable lifestyle.

Colorado

Colorado has a property tax rate of 0.63%. Thanks to this affordable rate, property owners in the state can focus on building their savings or creating memorable experiences. Oil and gas revenues boost the state’s tax system, lowering reliance on property taxes. Colorado also offers a Senior Property Tax Exemption for seniors over 65, giving them access to lower tax bills.

Mississippi

Mississippi has a property tax rate of 0.65%, with an average annual payment of $870 on a $135,000 home. Tax exemptions are offered for residents over 65 and disabled people, giving them access to more affordable home and property ownership. The Homestead Exemption Act also provides massive reductions for primary residences, enabling residents to lower their taxes further.

Tennessee

Tennessee has a property tax rate of 0.66%. The affordable property taxes, accompanied by a lack of state income taxes, make Tennessee a tax-friendly location. Retirees love the state because they also have access to senior property tax relief, lowering their tax bills. Individuals seeking a rich culture and affordability are drawn to the tax-friendly environment in Tennessee.

Utah

Utah’s property tax rate is about 0.67%, among the most affordable in the country. The state has a special assessment system that charges primary residences 55% of their market value, which helps to reduce the taxable amount on the property significantly. Tax credits are also provided to seniors and disabled individuals, enabling them to lower their financial burden.  

Nevada

Nevada has one of the lowest property tax rates in the U.S., at only 0.69. These affordable rates enable residents to significantly lower the cost of owning property. Additionally, Nevada does not levy taxes on state income, which reduces the residents’ tax liabilities even more. This has helped to make it an appealing destination for individuals looking for lower tax burdens and more affordable living.

Idaho

Idaho’s property tax is 0.70%. The state has a reduced property tax program for seniors, veterans, and lower-income residents. Additionally, the growing tech industries pump money into state coffers and reduce the need for high property taxes. This makes it easier for residents to consider entering the housing market at affordable costs.

Arizona

The statewide Arizona property tax rate averages 0.72%, enabling property owners to significantly lower their property costs. The state also has a Property Tax Refund Credit system that returns some of the taxes paid to qualifying low-income seniors. With its low cost of living and affordable tax rates, Arizona is a retirement favorite.

Montana

The effective property tax rate in Montana is 0.73%. In addition to the affordable property taxes, the state also offers exemptions for veterans, seniors, and low-income homeowners, enabling them to lower their tax burdens even further. Large tracts of public land also keep the tax burden on private property owners in Montana down.

Kentucky

Kentucky has a property tax rate of 0.75%, with average payments of $1,125 for a $150,000 home. The state also offers exemptions for veterans and residents over 65, making it an affordable option for retirees. Kentucky’s low property tax rates contribute to its overall low cost of living, making it a great location for families seeking affordability and low bills.

Oklahoma

The property tax rate in Oklahoma is only 0.76%, which enables property owners to lower the costs of owning property in the state. The state also caps annual growth in property taxes at 3%, so there is stability and predictability in the property taxes for homeowners. This enables residents to enjoy an affordable lifestyle and focus on creating financial security.

North Carolina

North Carolina has a property tax rate of 0.77%, making the costs of owning property in the state much more affordable than in most other places in the country. The state even offers property tax deferrals for the elderly and disabled, giving them access to more affordability. North Carolina’s strong economy and pleasant climate, in addition to the low-cost taxes, make it one of the most desirable states in the country for new residents.

Georgia

Georgia’s property tax rate averages 0.78%. Thanks to the affordable tax rates on property ownership, residents considering buying a property can keep spending to a minimum. The state also offers tax relief programs for seniors and veterans. Georgia’s thriving film industry, known as the “Hollywood of the South,” also generates state revenues and allows the state to lower more reasonable rates on properties.

Florida

Florida levies a property tax rate of 0.80%. The state also offers a Homestead Exemption to reduce taxable property values up to $50,000 for primary residences. Florida is a very tax-friendly location with no state income tax, making it a hotspot among retirees and individuals seeking warm weather and affordable living.

Indiana

Indiana has a property tax rate of 0.81% and a cap on property taxes that limits taxes to 1% of the value of the home for owner-occupied residences. The reasonable property taxes make property ownership accessible to more state residents. Additionally, Indiana is home to one of the world’s most significant single-day sporting events, the Indianapolis 500, contributing to state revenue.

Michigan

The average property tax rate in Michigan is approximately 0.83%. The state has also introduced programs like the Homestead Property Tax Credit to support poor residents and senior citizens. The vibrant automobile market and tourism contribute to state revenue and enable lower property taxes that make property ownership affordable.

Missouri

Missouri has a property tax rate of 0.85%. The state also offers property tax credits for its senior and disabled citizens and has a relatively low overall cost of living. The affordable tax rates and living costs in Missouri have made it a top destination among individuals looking to lower their expenses.

Maine

Maine has a property tax rate of 0.86%, enabling owners to access affordable ownership. Although it’s a rural state, Maine also offers a property tax exemption for veterans and low-income seniors, which may entice retirees to move there. Residents enjoy a high quality of life in Maine, and the low property taxes make it easier to adopt an affordable lifestyle.

Virginia

Virginia’s effective property tax rate is 0.87%. The state’s tax relief programs for the elderly and veterans ensure affordability for various demographics, making Virginia an appealing location for many individuals seeking affordable property ownership and a high quality of life.

Arkansas

Arkansas has a property tax rate of 0.88%, which lowers the state’s costs of property ownership. Additionally, the state offers a homestead tax credit that can cut taxes on primary residences by as much as $375. The low property tax burden makes ownership more accessible in Arkansas, enabling residents to become homeowners and enjoy the natural landscapes more thoroughly.

District of Columbia

The property tax rate levied in the District of Columbia is only 0.56%, among the country’s lowest. Although the cost of living in the state is higher than the national average, the low property taxes enable residents to lower the costs of owning property. The state relies more on its state income tax, enabling it to levy more reasonable property tax rates on its residents.

Maryland

Maryland levies affordable property taxes on its residents at about 1.02%. This makes it easier for residents considering entering the housing market to keep their spending to reasonable costs. Maryland’s higher sales taxes and state income tax allow it to levy more reasonable rates on property taxes.

New Mexico

New Mexico residents enjoy an affordable property tax rate of about 0.74%. With already affordable housing prices, residents have access to affordable homeownership in the state, making it an appealing destination among families and retirees. These individuals can focus on enjoying the rich culture and easy access to stunning natural landscapes.

25 Countries Predicted to Become Economic Superpowers in the Next 20 Years

The strength of an economy plays a crucial role in various international policies about trade and relations. Certain factors determine the strength of an economy, including population growth, availability of resources, and development and advancement. Here are 25 countries predicted to become economic superpowers in the next 20 years

25 Countries Predicted to Become Economic Superpowers in the Next 20 Years

This Options Discord Chat is The Real Deal

While the internet is scoured with trading chat rooms, many of which even charge upwards of thousands of dollars to join, this smaller options trading discord chatroom is the real deal and actually providing valuable trade setups, education, and community without the noise and spam of the larger more expensive rooms. With a incredibly low-cost monthly fee, Options Trading Club (click here to see their reviews) requires an application to join ensuring that every member is dedicated and serious about taking their trading to the next level. If you are looking for a change in your trading strategies, then click here to apply for a membership.