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Wisconsin ranked 47th in the nation in a recent WalletHub analysis of which states have the lowest property tax rate.

On average, American households pay nearly $2,300 in property taxes on their homes annually, according to the WalletHub study. Meanwhile, Americans fail to pay more than $14 billion in property taxes annually, according to the National Tax Lien Association.

In Wisconsin, the effective property tax rate was 1.94 percent, meaning that the annual tax bill on a $194,000 home was $3,756, WalletHub reported. The median home value in Wisconsin was estimated at $169,300, and owners of median-value homes paid $3,286 in property taxes annually.

Nationwide as of 2017, the median home value stood at $193,500, according to the study. Property tax rankings of red states tended to be about four points lower than blue states, WalletHub reported.

Which States Have the Lowest Real Estate Property Tax Rates?

Rank State Effective Property Tax Rate Annual Taxes on $194,000 home State Median Home Value Annual Taxes on Home Priced at State Median Value
1 Hawaii 0.27% $525 $563,900 $1,529
2 Alabama 0.42% $817 $132,100 $558
3 Louisiana 0.52% $1,006 $152,900 $795
4 Colorado 0.55% $1,065 $286,100 $1,575
4 District of Columbia 0.55% $1,055 $537,400 $2,930
6 Delaware 0.56% $1,078 $238,600 $1,329
7 South Carolina 0.57% $1,108 $148,600 $851
8 West Virginia 0.59% $1,132 $111,600 $653
9 Wyoming 0.61% $1,186 $204,900 $1,256
10 Arkansas 0.63% $1,213 $118,500 $743
11 Utah 0.66% $1,280 $238,300 $1,576
12 Nevada 0.69% $1,331 $216,400 $1,489
13 Arizona 0.72% $1,400 $193,200 $1,398
14 Tennessee 0.74% $1,429 $151,700 $1,120
15 Idaho 0.75% $1,447 $176,800 $1,322
16 California 0.77% $1,490 $443,400 $3,414
17 New Mexico 0.78% $1,502 $163,900 $1,272
18 Virginia 0.80% $1,550 $255,800 $2,049
18 Mississippi 0.80% $1,556 $109,300 $879
20 Montana 0.84% $1,625 $209,100 $1,756
21 North Carolina 0.86% $1,656 $161,000 $1,378
21 Kentucky 0.86% $1,667 $130,000 $1,120
23 Indiana 0.87% $1,679 $130,200 $1,130
24 Oklahoma 0.90% $1,737 $125,800 $1,129
25 Georgia 0.91% $1,769 $158,400 $1,448
26 Florida 0.98% $1,897 $178,700 $1,752
27 Missouri 0.99% $1,910 $145,400 $1,435
28 North Dakota 1.01% $1,962 $174,100 $1,765
29 Washington 1.03% $1,996 $286,800 $2,958
30 Oregon 1.04% $2,006 $265,700 $2,755
31 Maryland 1.10% $2,126 $296,500 $3,257
32 Minnesota 1.15% $2,225 $199,700 $2,296
33 Alaska 1.19% $2,303 $261,900 $3,117
34 Massachusetts 1.22% $2,365 $352,600 $4,309
35 South Dakota 1.32% $2,550 $152,700 $2,012
36 Maine 1.35% $2,619 $179,900 $2,435
37 Kansas 1.40% $2,713 $139,200 $1,952
38 Iowa 1.53% $2,960 $137,200 $2,099
39 Ohio 1.57% $3,042 $135,100 $2,124
40 Pennsylvania 1.58% $3,054 $170,500 $2,691
41 Michigan 1.64% $3,179 $136,400 $2,241
42 Rhode Island 1.66% $3,206 $242,200 $4,013
43 New York 1.68% $3,246 $293,000 $4,915
44 Nebraska 1.80% $3,485 $142,400 $2,565
45 Texas 1.83% $3,544 $151,500 $2,775
45 Vermont 1.83% $3,544 $220,600 $4,040
47 Wisconsin 1.94% $3,756 $169,300 $3,286
48 Connecticut 2.07% $3,999 $270,100 $5,582
49 New Hampshire 2.20% $4,257 $244,900 $5,388
50 Illinois 2.31% $4,476 $179,700 $4,157
51 New Jersey 2.44% $4,725 $321,100 $7,840

Source: WalletHub.com; U.S. Census Bureau

Benjamin Yount

Reposted with permission.