Top 10 States with the Lowest Property Taxes

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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.

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