Q. How does Pennsylvania’s property taxes compare to other states?

Q. How does Pennsylvania’s property taxes compare to other states?

A. According to research by CoreLogic, the average median property tax rate across the nation is 1.31%. That means a home owner with a home valued at $200,000, on average, pays an annual amount of $2,620 in property taxes.

Illinois has the highest median property tax rate at 2.67% while Hawaii has the lowest at 0.31%. Pennsylvania comes in 7th worst in the nation at 2.09%.

The top 10 states with the highest property taxes are:

1. Illinois – 2.67%
2.  New York – 2.53%
3.  New Hampshire – 2.40%
4.  New Jersey – 2.37%
5.  Texas – 2.17%
6.  Connecticut – 2.10%
7.  Pennsylvania – 2.09%
8.  Vermont – 1.98%
9.  Nebraska – 1.96%
10.  Wisconsin – 1.95%

The 10 states with the lowest property taxes include:

1.  Hawaii – 0.31%
2.  South Dakota – 0.38%
3.  Alabama – 0.54%
4.  Wyoming – 0.65%
5.  Colorado – 0.66%
6.  District of Columbia – 0.69%
7.  South Carolina – 0.71%
8.  West Virginia – 0.72%
9.  Louisiana – 0.74
10.  Utah – 0.75%

Property taxes are often offset by sales and income taxes. The five states with the highest average combined state and local sales tax rates are Tennessee (9.46%), Arkansas (9.30%), Louisiana (9.01%), Alabama (8.97%), and Washington (8.90%). Meanwhile, Alaska, Delaware, Montana, New Hampshire, and Oregon enjoy having no sales tax.

The states with the highest income taxes are California (13.3%), Hawaii (11.0%), Oregon (9.9%), Minnesota (9.85%), Iowa (8.98%), and New Jersey (8.97%). Meanwhile, Wyoming, Washington, Texas, South Dakota, Nevada, Florida, and Alaska enjoy having no income tax.