Property Tax Squeeze: Average U.S. Homeowner Bill Rose 3% in 2025

Summary of Key Points from the Article

The article discusses the current state of property taxes in the United States for the year 2023, focusing on both high and low taxed states. Here are the key points:

1. National Average:

   • The median home price across the U.S. is $475,000.
   • The average effective tax rate (the percentage of a property's value that goes towards taxes) for homeowners nationwide is 1.23%.

2. Highest-Taxed States:

   • Hawaii: Despite having one of the highest median home prices ($747,545), Hawaii has the lowest effective tax rate at 0.33%.
   • Idaho, Wyoming, and Arizona follow with rates between 0.39% to 0.43%, respectively.

3. Surprising Entry: Nebraska:

   • Nebraska, known for its lower median home prices ($345,000), ranks surprisingly high in the list of states with higher effective tax rates at 1.24%.

4. States with High Effective Tax Rates:

   • **Ohio

Read the full article at Realtor.com Blog

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