9. Arkansas
• Effective property tax rate: 0.63%
• Median home value: $125,700
• Annual taxes on home priced at state median value: $792
• Median household income: $43,813
A combo between low effective property rates and low housing prices makes Arkansas one of the most affordable places in terms of living costs. However, Arkansas has the third-highest combined state and local sales tax rate in the country and the highest personal income tax rate among the surrounding states.
You won’t be mississing your money with the property tax rate in our next state…..
1 comment on “Top 10 States with the Lowest Property Taxes”
Interesting but I’d like to see a complete list of all 50 states, with the data collected in a uniform way for each state.
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