| Massachusetts has the 16th highest median property tax rate (1.47 percent) in the country, according to a new report from CoreLogic, a property data and analytics company.
New Hampshire came in third, with 2.4 percent, while Connecticut ranked sixth with 2.1 percent.
New data analysis from CoreLogic on nationwide real estate property taxes shows that Illinois has the highest median property tax rate at 2.67 percent and Hawaii has the lowest median property tax rate at 0.31 percent. Nationally, the median property tax rate is 1.31 percent. This means that a home valued at $200,000 will, on average, pay annual total property taxes of $2,620.
Property tax rates vary by state, and the total amount can include property taxes paid to multiple agencies within a community. In New York for example, one might pay taxes to a county, a village and a school district; whereas in Florida, one might only pay county taxes. As a result of the variables, accurate estimates of the amount of property taxes throughout the U.S. is challenging. CoreLogic has calculated the median overall property tax rate at the national and state level, taking into consideration all taxing and collection entities in order to provide a complete picture of the cost of owning real property.
- 16 states, or 31 percent of the U.S., have a median property tax rate of less than 1 percent
- 28 states, or 55 percent of the U.S., have a median property tax rate between 1 and 2 percent
- Seven states, or 14 percent of the U.S., have a median property tax rate of more than 2 percent
The analysis shows that higher median tax rates are seen primarily among states in the northeast, with Texas a notable exception at 2.17 percent, where there are multiple levels of tax collection. Conversely, the majority of states with low median tax rates have only a single level of tax collection at the county level.
