The 10 states where homeowners save the most on property taxes
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Property taxes are climbing in many parts of the country, but location remains a major factor in what homeowners pay.
By the numbers:
In 2024, the median U.S. property tax bill reached $3,500 — a 2.8% increase from the previous year — driven by rising home values and changes in local tax rates.
Still, the amount homeowners owe can vary widely depending on the state, according to Realtor.com.
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What they're saying:
"Tax growth varies widely state to state, including some states where tax burdens are outpacing home price growth and others where property taxes are falling even as homes appreciate in value," Joel Berner, senior economist at Realtor.com, said in a statement.
"Property taxes support important municipal services, police, firefighters, schools, courts, libraries, parks and recreation, emergency response, the pound, roads, and maybe many more services people might not realize are funded, like senior services, municipal airports, public health, possibly water, sewer, and trash collection," Bruce Ailion, an agent with Re/Max Town and County in Atlanta, told Realtor.com.
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Dig deeper:
West Virginia homeowners pay a median of just $728 per year, the lowest in the nation. Meanwhile, New Jersey residents face the highest median property tax bill, averaging $9,413 annually, according to Realtor.com.
The states with the lowest property taxes include:
West Virginia — $728
Alabama — $804
Arkansas — $871
Mississippi — $1,034
South Carolina — $1,328
Tennessee — $1,333
Louisiana — $1,415
Oklahoma —$1,481
Kentucky — $1,551
Michigan — $1,670
Property taxes tend to reflect a home’s market value, according to Berner.
The highest property tax burdens are found mostly in the Northeast, where both home prices and household incomes exceed national averages. In contrast, states with the lowest property tax bills typically have median home prices below the national median of $425,000 as of September 2025, Realtor.com reports.
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While lower taxes can ease the financial strain on homeowners, they often come with a trade-off — fewer local services, according to Realtor.com.
As property taxes climb, lawmakers in Florida, Illinois, Kansas, Ohio, Pennsylvania and Texas are exploring ways to reduce the burden on homeowners.
Montana has already implemented property tax relief measures, FOX 10 reported.
The Source: The information in this story comes primarily from Realtor.com, which provided data on 2024 median property tax bills, state-by-state comparisons, and national housing trends. FOX Business contributed to this report. This story was reported from Los Angeles.