A new report released by the personal finance website WalletHub ranks Hawai‘i as the state with the lowest real-estate property tax in the nation.
According to the analysis revealing 2018 Property Taxes by State, Hawai‘i residents pay an effective real-estate tax rate of 0.27 percent. The annual tax in the Aloha State on a $185,000 home—the median home value in the U.S.—is $501. On a state median value home, which is estimated at $538,400, the annual taxes are $1,459.
On average, American households spend $2,197 on real-estate property taxes every year, plus another $436 for residents of the 27 states with vehicle property taxes, according to the U.S. Census Bureau.
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