Top 10 States with the Lowest Property Taxes

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2. Alabama

• Effective property tax rate: 0.40%
• Median home value: $130,500
• Annual taxes on home priced at state median value: $522
• Median household income: $46,472

Alabama, also known as the “Cotton State”, is one of the few states with a low tax rate as well as home prices below the median home value, which means it’s quite advantageous to own a home there.

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