Which US city has the highest property taxes?

The U.S. city with the highest effective property tax rate is generally considered to be Rockford, Illinois, or potentially another city depending on the exact metrics used (such as median annual amount or tax burden relative to income).

What city has the highest property tax in the USA?

Trenton, NJ, has the highest effective property tax rate of any U.S. city at 2.653%, while Montgomery, AL, has the lowest at 0.277%. Cities in Illinois, New Jersey, and Connecticut dominate the top ranks, while cities in Alabama, Louisiana, and Hawaii are among those with the smallest property tax burdens.

What are the top 10 highest property tax states?

States with the Highest Median Property Taxes in the U.S.

• New Jersey $9,541.
• Connecticut $6,575.
• New Hampshire $6,505.
• New York $6,450.
• Massachusetts $5,813.
• Illinois $5,189.
• Vermont $4,956.
• California $4,926.

What state has zero property taxes?

Sadly for investors, the answer is no, there are no states without property tax. This is because property tax is a useful way for local governments to fund public services such as schools, fire and police departments, infrastructure and libraries. There is a caveat to this though.

Which city has the worst taxes?

Some of the highest combined state and local sales taxes:

• Chicago, Illinois and Long Beach, California: 10.25 percent.
• Birmingham and Montgomery, Alabama and Baton Rouge and New Orleans, Louisiana: 10 percent.
• Seattle and Tacoma, Washington: 9.6 percent.

Ten U.S. Cities With the Highest Taxes

What is the most heavily taxed state in the US?

Highest taxed states

• California (12.3%, with 1% tax on income in excess of $1 million)
• Hawaii (11%)
• New York (10.9%)
• New Jersey (10.75%)
• District of Columbia (10.75%)
• Oregon (9.9%)
• Minnesota (9.85%)
• Massachusetts (5%, with 4% surtax on taxable income in excess of $1,053,750)

What state has the lowest property tax?

Hawaii property owners enjoy the lowest property tax rates in the United States, largely due to the state's thriving tourism industry that generates significant tax revenue. Additionally, high property values in the Aloha State allow it to collect adequate property tax revenue while keeping its rates extremely low.

At what age do you stop paying property taxes in the USA?

The minimum age requirement for senior property tax exemptions is generally between the ages of 61 to 65. While many states like New York, Texas and Massachusetts require seniors be 65 or older, there are other states such as Washington where the age is only 61.

What is the best state to retire to avoid taxes?

What are the best states to retire for taxes on retirement withdrawals? Nine states have no income tax. These are Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming. An additional 4 states do not tax income from IRAs.

Where is the cheapest place to live for property taxes?

10 States With the Lowest Property Tax Rates in the U.S.

1. Hawaii. Hawaii has the lowest effective property tax rate in the U.S. at 0.27%, thanks to the highest median home value in the country ($875,900) and median real estate taxes of $2,385 per year. ...
2. Alabama.

What state is the most tax-friendly?

• South Dakota. #1 in Low Tax Burden. #8 in Best States Overall. ...
• Florida. #2 in Low Tax Burden. #6 in Best States Overall. ...
• New Hampshire. #3 in Low Tax Burden. ...
• Tennessee. #4 in Low Tax Burden. ...
• Wyoming. #5 in Low Tax Burden. ...
• Missouri. #6 in Low Tax Burden. ...
• Texas. #7 in Low Tax Burden. ...
• Oklahoma. #8 in Low Tax Burden.

What is the most expensive state for homeowners?

Hawaii and California consistently rank as the most expensive states for buying a house, with Hawaii often taking the top spot due to limited land, high demand, and imported costs, while California leads in sheer volume of expensive markets, driven by tech hubs and coastal allure, though some recent data points to California as #1 for median sale price, depending on the source. Other top contenders include Massachusetts, Washington, and Colorado, known for strong economies and desirable locations. 

Why are US property taxes so high?

Property taxes are based on a government assessment of each home's value. But researchers say real estate values are highly subjective, and these estimates don't always align with market prices. Data shows discrepancies in assessments -- and therefore tax bills -- affect some communities more than others.

What 10 states have the highest property taxes?

10 states with the highest property taxes

• Illinois. 1.83%
• New Jersey. 1.77%
• Connecticut. 1.48%
• Nebraska. 1.43%
• Vermont. 1.42%
• New Hampshire. 1.41%
• Texas. 1.36%
• Ohio. 1.31%

Which US city is tax free?

Eight U.S. states currently have no state income tax whatsoever: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming.

How did the 91% tax rate work?

That meant that the federal government took 91 cents of every dollar over $200,000. When you added it all up, someone in 1955 who made $1 million a year paid over $800,000 in taxes. At least they did in theory.

Where can I retire on $2000 a month in the United States?

You can retire comfortably on $2,000 a month in the U.S. by focusing on affordable Midwest and Southern cities, with top contenders including Fort Wayne, Indiana, Fargo, North Dakota, Knoxville, Tennessee, Oklahoma City, Cincinnati, Ohio, and several locations in Texas (like Brownsville, Abilene) and Florida (like Tallahassee, Fort Myers), which offer lower costs for housing, groceries, and healthcare while still providing good livability and amenities. 

What is the cheapest and happiest state for retirees?

Cheapest States to Retire In

• Mississippi. Cost of Living: Lowest in the U.S. ...
• Alabama. Cost of Living: Significantly lower than the national average. ...
• Arkansas. Cost of Living: Among the lowest in the nation. ...
• Oklahoma. Cost of Living: Lower healthcare and housing costs. ...
• West Virginia. ...
• Tennessee. ...
• South Carolina. ...
• Kentucky.

What state has no property tax?

While there is no state in the U.S. that doesn't have property taxes on real estate, some have much lower property tax rates than others. Here's how property taxes are calculated. The effective property tax rate is used to determine the places with the lowest and highest property taxes in the nation.

What is the new senior tax break?

You must be 65 or older by the end of the tax year to qualify for the new senior tax deduction, include your Social Security number on your tax return, and meet the income limits. You can claim the new $6,000 senior tax deduction if you itemize your tax deductions, or if you choose to take the standard deduction.

Who is exempt from paying property taxes in the USA?

Common property tax exemptions include Veteran, Disabled Veteran, Homestead, Over 65 and more. Depending on where you live, you may be able to claim multiple property tax exemptions. Not all Veterans or homeowners qualify for these exemptions. Exemptions can vary by county and state.

What is the best state to own property in?

The "best" state to buy property depends on your goals (investment, retirement, family), but top contenders often cited for stability, affordability, or growth include Wyoming, Idaho, Tennessee, North Carolina, Texas, Florida, and Indiana, balancing factors like job growth, tax-friendliness, and strong housing demand, though some like Idaho and Florida face tight inventory despite growth. For pure affordability, Ohio, Oklahoma, and Iowa stand out, while tax-friendly options for retirement might include Georgia and Florida. 

Which states have no income taxes at all?

Which states have no income tax? As of 2025, there are nine states that don't collect any state income tax: Alaska, Florida, Nevada, South Dakota, New Hampshire, Tennessee, Texas, Washington, and Wyoming.

Which state is the most affordable?

Mississippi and West Virginia consistently rank as the most affordable states, with Mississippi often taking the top spot due to extremely low housing, groceries, and taxes, while West Virginia also boasts a very low cost of living index, particularly for housing and utilities, though some housing shortages exist. Other very affordable states include Alabama, Arkansas, Oklahoma, and Kansas, all offering lower costs for essentials like housing, groceries, and transportation compared to the national average.