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.
You’ll be free as a bird with the low taxes in our next state…..
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.