Property tax burdens vary widely as states debate senior relief

WalletHub ranked states by effective real estate property tax rates and calculated annual bills — using the national median home value of $332,700 in 2024 (the most recent available data) and each state’s median home value.

Hawaii ranked first with the lowest effective rate at 0.27%, translating to $888 on a $332,700 home. Because Hawaii’s median home value is $839,100, the typical…