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.
