Top 10 States with the Lowest Property Taxes

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10. Mississippi

• Effective property tax rate: 0.64%
• Median home value: $127,300
• Annual taxes on home priced at state median value: $815
• Median household income: $42,009

With the highest effective property tax rate among states on our list, Mississippi home values are also relatively low. Gas is taxed at 19 cents a gallon and authorities have recently introduced a set of rules to lessen the tax burden on homeowners.

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