8. Colorado
• Effective property tax rate: 0.59%
• Median home value: $375,500
• Annual taxes on home priced at state median value: $2,215
• Median household income: $65,458
Colorado’s effective property tax rate is rather low, but homeowners have to pay quite hefty taxes on a median-priced home. Still, the “Colorful State” has the second-highest median household income on our list, making taxes a little bit more tolerable.
Our next state used to be called the Land of Opportunity, for good reason…..
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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