District of Columbia posts 4th lowest property tax rate in new national study


District of Columbia ranked fourth in the nation in a recent WalletHub analysis of property tax rates among the 50 states and the District of Columbia.

On average, American households pay nearly $2,300 in property taxes on their homes annually, according the WalletHub study. Meanwhile, Americans fail to pay more than $14 billion in property taxes annually, according to the National Tax Lien Association.

In District of Columbia, the effective property tax rate was 0.55 percent, meaning that the annual tax bill on a $194,000 home was $1,055, WalletHub reported. The median home value in District of Columbia was estimated at $537,400, and owners of median-value homes paid $2,930 in property taxes annually.

Nationwide as of 2017, the median home value stood at $193,500, according to the study. Property tax rankings of red states tended to be about four points lower than blue states, WalletHub reported.

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Which States Have the Lowest Real Estate Property Tax Rates?

RankStateEffective Property Tax RateAnnual Taxes on $194,000 homeState Median Home ValueAnnual Taxes on Home Priced at State Median Value
1Hawaii0.27%$525$563,900$1,529
2Alabama0.42%$817$132,100$558
3Louisiana0.52%$1,006$152,900$795
4Colorado0.55%$1,065$286,100$1,575
4District of Columbia0.55%$1,055$537,400$2,930
6Delaware0.56%$1,078$238,600$1,329
7South Carolina0.57%$1,108$148,600$851
8West Virginia0.59%$1,132$111,600$653
9Wyoming0.61%$1,186$204,900$1,256
10Arkansas0.63%$1,213$118,500$743
11Utah0.66%$1,280$238,300$1,576
12Nevada0.69%$1,331$216,400$1,489
13Arizona0.72%$1,400$193,200$1,398
14Tennessee0.74%$1,429$151,700$1,120
15Idaho0.75%$1,447$176,800$1,322
16California0.77%$1,490$443,400$3,414
17New Mexico0.78%$1,502$163,900$1,272
18Virginia0.80%$1,550$255,800$2,049
18Mississippi0.80%$1,556$109,300$879
20Montana0.84%$1,625$209,100$1,756
21North Carolina0.86%$1,656$161,000$1,378
21Kentucky0.86%$1,667$130,000$1,120
23Indiana0.87%$1,679$130,200$1,130
24Oklahoma0.90%$1,737$125,800$1,129
25Georgia0.91%$1,769$158,400$1,448
26Florida0.98%$1,897$178,700$1,752
27Missouri0.99%$1,910$145,400$1,435
28North Dakota1.01%$1,962$174,100$1,765
29Washington1.03%$1,996$286,800$2,958
30Oregon1.04%$2,006$265,700$2,755
31Maryland1.10%$2,126$296,500$3,257
32Minnesota1.15%$2,225$199,700$2,296
33Alaska1.19%$2,303$261,900$3,117
34Massachusetts1.22%$2,365$352,600$4,309
35South Dakota1.32%$2,550$152,700$2,012
36Maine1.35%$2,619$179,900$2,435
37Kansas1.40%$2,713$139,200$1,952
38Iowa1.53%$2,960$137,200$2,099
39Ohio1.57%$3,042$135,100$2,124
40Pennsylvania1.58%$3,054$170,500$2,691
41Michigan1.64%$3,179$136,400$2,241
42Rhode Island1.66%$3,206$242,200$4,013
43New York1.68%$3,246$293,000$4,915
44Nebraska1.80%$3,485$142,400$2,565
45Texas1.83%$3,544$151,500$2,775
45Vermont1.83%$3,544$220,600$4,040
47Wisconsin1.94%$3,756$169,300$3,286
48Connecticut2.07%$3,999$270,100$5,582
49New Hampshire2.20%$4,257$244,900$5,388
50Illinois2.31%$4,476$179,700$4,157
51New Jersey2.44%$4,725$321,100$7,840
Source: WalletHub.com; U.S. Census Bureau

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