| WASHINGTON (WalletHub
) – Texas has the sixth-highest property tax rate in the country, reports WalletHub.
The Lone Star State tied with Vermont with a 1.83 percent effective real estate tax rate. The annual tax on a median-priced Texas home ($151,500) is $2,775.
Vermont’s annual tax on a median-priced home ($220,600) is $4,040.
Texas is among seven states that do not have an income tax. It is also among 24 (including the District of Columbia) that do not have a vehicle tax.
New Jersey has the highest effective real estate tax rate at 2.44 percent. A homeowner would pay $7,840 in taxes each year on a median-priced Garden State home ($321,100).
The rest of the top five are Illinois, New Hampshire, Connecticut, and Wisconsin.
Hawaii has the lowest effective real estate tax rate. Residents would pay $1,529 annually on a median-priced Hawaiian home ($563,900).
Other states with the lowest annual property taxes are Alabama, Louisiana, and Colorado and District of Columbia (tied).
For more on Texas real estate taxes, read “Texas Tax Conundrum
” by Real Estate Center Research Economist Dr. Charles Gilliland.
Brazos County Realty would like to thank the Real Estate Center for providing important information about the Texas housing market. Investors still anxiously watch the College Station housing market. Retirees recognize College Station homes their perfect choice for buying a luxury property. College Station and Bryan Texas, home of Texas A&M is not your average place to live. It’s a highly educated community centrally located between Dallas, Houston and San Antonio. When you’d like the grand tour, pick up the phone and call 979-693-0201 or take a peak at our phenomenal College Station community and check out available housing and land in any price range. 1st time home buyers are welcome too. We’re here to help with all your housing and real estate needs.
It will be our pleasure to help you with your HOMEwork!
Myke Leatham, Broker/Owner
College Station Realtor
Brazos County Realty
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