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Alabama still among the lowest for property taxes

Photo credit: Bryan Davis

Alabama still among the lowest for property taxes

Industries: Affordable Housing

Markets: Statewide

Source: WalletHub

Alabama ranks No. 2 in the country for lowest property taxes. 

According to the latest U.S. Census data, and a report from WalletHub, Alabama's Effective Real Estate Tax Rate is 0.43 percent, second only to Hawaii's 0.27 percent. 

The average annual taxes on a home valued at $179,000 is $773, according to the report, with the state median home value at $125,500. 

The annual taxes on a home priced at the state median value is $543. 

On average, households across the country spend $2,149 on property taxes per year, according to the data. 

New Jersey ranks the highest in property taxes, with an Effective Real Estate Tax Rate of 2.35 percent or $7,410 annually 

Louisiana, Delaware and the District of Columbia round out the top five lowest property taxes by state. 

Click here to read WalletHub's full report. 

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