Compare property tax rates across all 50 states. Calculate annual and monthly property taxes for any home value.
1.68% effective rate
Add to mortgage payment
| Home Value | $400,000 |
| Texas Effective Rate | 1.68% |
| Annual Property Tax | $6,720 |
| Monthly Escrow Amount | $560 |
| National Average (1.07%) | $4,280 |
| Texas Rank (lowest to highest) | #43 of 50 |
| Hawaii (0.28%) | $1,120 |
| Alabama (0.41%) | $1,640 |
| Arizona (0.51%) | $2,040 |
| Colorado (0.51%) | $2,040 |
| Nevada (0.53%) | $2,120 |
| New Jersey (2.23%) | $8,920 |
| Illinois (2.08%) | $8,320 |
| Wisconsin (1.85%) | $7,400 |
| Connecticut (1.79%) | $7,160 |
| Vermont (1.78%) | $7,120 |
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Annual Tax = Home Value × Effective Tax Rate
Monthly Escrow = Annual Tax ÷ 12
Effective rates are state averages — local rates vary significantly by county/city.
New Jersey leads at ~2.23% effective rate, followed by Illinois (2.08%), Connecticut (1.79%), and New Hampshire (1.77%). On a $400K home, NJ owners pay ~$8,900/year vs. $1,120/year in Hawaii.
Hawaii has the lowest rate at ~0.28% — but home prices are very high. Alabama (0.41%), Colorado (0.51%), and Nevada (0.53%) round out the lowest-tax states.
The SALT deduction allows deducting up to $10,000 in state and local taxes (combined with state income taxes) if you itemize on federal taxes. For most homeowners in high-tax states, the $10K cap limits the benefit.
Property Tax = Assessed Value × Mill Rate. Assessed value may differ from market value (some states assess at 60–100% of market value). Mill rate = dollars per $1,000 of assessed value.
Calculations are for educational purposes only. Consult a qualified financial advisor for personalized advice.