WASHINGTON – Texas has the seventh highest real estate property taxes nationally, according to a WalletHub study.
The Lone Star State’s effective real estate tax rate is 1.81 percent. Annual taxes on the state median home value ($172,500) is $3,099.
On a $217,500 home, a Texas homeowner would pay $3,907 in property taxes yearly. Property tax rates vary and depend on county and city tax rates.
New Jersey has the highest effective real estate tax rate at 2.49 percent. Hawaii has the lowest at 0.28 percent.
WalletHub compared the 50 states and the District of Columbia by using U.S. Census Bureau data to determine real estate property tax rates.
The Texas Real Estate Research Center has a wealth of economic information online for free.
Source: WalletHub