State Property Taxes
When attempting to estimate your monthly mortgage payment it is essential to include any applicable property taxes. Property taxes vary greatly state to state, county to county, and even homeowner to homeowner depending on income, veteran status and more. Each area has a different method of taxation, whether it be a percent of the total value of the home, the loan amount, or a portion of the loan amount. Below is a list of estimated property tax by state. Multiply the value of your potential property by the tax rate and divide it by twelve to get an estimate of your monthly property tax. Always consult a local professional or visit your local tax website to figure out your exact tax rate.
Alabama 1.0%
Alaska 1.5%
Arizona 1.5%
Arkansas 1.0%
California 1.25%
Colorado 1.0%
Connecticut 2.0%
Delaware 1.5%
D.C. 2.5%
Florida 1.5%
Georgia 1.0%
Hawaii 2.0%
Idaho 1.0%
Illinois 2.0%
Indiana 1.5%
Iowa 1.5%
Kansas 1.5%
Kentucky 1.0%
Louisiana 1.0%
Maine 1.5%
Maryland 2.0%
Massachusetts 2.0%
Michigan 2.5%
Minnesota 1.5%
Mississippi 1.0%
Missouri 1.0%
Montana 1.0%
Nebraska 1.0%
Nevada 1.0%
New Hampshire 2.0%
New Jersey 2.5%
New Mexico 1.25%
New York 2.5%
North Carolina 1.5%
North Dakota 1.0%
Ohio 1.0%
Oklahoma 1.0%
Oregon 2.0%
Pennsylvania 1.5%
Rhode Island 1.5%
South Carolina 1.0%
South Dakota 1.0%
Tennessee 1.0%
Texas 3.0%
Utah 1.5%
Vermont 1.5%
Virginia 1.5%
Washington 2.0%
West Virginia 1.5%
Wisconsin 3.0%
Wyoming 1.5%
