Property tax and homeowners insurance are the two parts of a monthly payment that depend most on where the home is. Here are typical rates for every state, and for every county in Arizona, California, Florida and Ohio, where I lend to homebuyers.
By county
Each state’s page has every county’s rate, the yearly tax on a $400,000 and an $800,000 home, and the state rules that change the bill, such as California’s Prop 13 and Florida’s homestead exemption.
- Property tax rates in Arizona15 counties, typical rates 0.33% to 0.90%
- Property tax rates in California58 counties, typical rates 1.00% to 1.25%
- Property tax rates in Florida67 counties, typical rates 0.82% to 2.16%
- Property tax rates in Ohio88 counties, typical rates 0.72% to 2.00%
By state
Statewide averages, as a share of a home’s value each year. Property tax is what owners pay on average (median tax divided by median value, Census Bureau, 2020-2024). In states where a sale resets the assessment, such as California and Florida, a buyer pays more than this; their county pages give the rate a buyer pays. Insurance is NAIC’s 2022 average homeowners premium divided by the same median value, a low-end estimate.
| State | Property tax | Insurance | Both, on a $400,000 home |
|---|---|---|---|
| Alabama | 0.38% | 0.83% | $4,840 a year |
| Alaska | 1.11% | 0.32% | $5,720 a year |
| Arizona | 0.48% | 0.26% | $2,960 a year |
| Arkansas | 0.55% | 0.93% | $5,920 a year |
| California | 0.70% | 0.20% | $3,600 a year |
| Colorado | 0.48% | 0.39% | $3,480 a year |
| Connecticut | 1.81% | 0.49% | $9,200 a year |
| Delaware | 0.50% | 0.31% | $3,240 a year |
| District of Columbia | 0.58% | 0.19% | $3,080 a year |
| Florida | 0.76% | 0.75% | $6,040 a year |
| Georgia | 0.77% | 0.55% | $5,280 a year |
| Hawaii | 0.27% | 0.17% | $1,760 a year |
| Idaho | 0.49% | 0.24% | $2,920 a year |
| Illinois | 2.01% | 0.51% | $10,080 a year |
| Indiana | 0.74% | 0.55% | $5,160 a year |
| Iowa | 1.39% | 0.61% | $8,000 a year |
| Kansas | 1.29% | 0.73% | $8,080 a year |
| Kentucky | 0.75% | 0.66% | $5,640 a year |
| Louisiana | 0.55% | 1.20% | $7,000 a year |
| Maine | 1.02% | 0.36% | $5,520 a year |
| Maryland | 0.97% | 0.33% | $5,200 a year |
| Massachusetts | 1.07% | 0.33% | $5,600 a year |
| Michigan | 1.25% | 0.46% | $6,840 a year |
| Minnesota | 1.02% | 0.54% | $6,240 a year |
| Mississippi | 0.72% | 1.12% | $7,360 a year |
| Missouri | 0.85% | 0.72% | $6,280 a year |
| Montana | 0.72% | 0.44% | $4,640 a year |
| Nebraska | 1.49% | 0.78% | $9,080 a year |
| Nevada | 0.47% | 0.22% | $2,760 a year |
| New Hampshire | 1.66% | 0.30% | $7,840 a year |
| New Jersey | 2.11% | 0.31% | $9,680 a year |
| New Mexico | 0.70% | 0.53% | $4,920 a year |
| New York | 1.55% | 0.38% | $7,720 a year |
| North Carolina | 0.66% | 0.56% | $4,880 a year |
| North Dakota | 0.99% | 0.53% | $6,080 a year |
| Ohio | 1.31% | 0.46% | $7,080 a year |
| Oklahoma | 0.80% | 1.14% | $7,760 a year |
| Oregon | 0.81% | 0.19% | $4,000 a year |
| Pennsylvania | 1.30% | 0.44% | $6,960 a year |
| Rhode Island | 1.21% | 0.51% | $6,880 a year |
| South Carolina | 0.48% | 0.61% | $4,360 a year |
| South Dakota | 1.06% | 0.68% | $6,960 a year |
| Tennessee | 0.50% | 0.52% | $4,080 a year |
| Texas | 1.49% | 0.84% | $9,320 a year |
| Utah | 0.52% | 0.19% | $2,840 a year |
| Vermont | 1.59% | 0.35% | $7,760 a year |
| Virginia | 0.73% | 0.35% | $4,320 a year |
| Washington | 0.81% | 0.20% | $4,040 a year |
| West Virginia | 0.53% | 0.68% | $4,840 a year |
| Wisconsin | 1.42% | 0.36% | $7,120 a year |
| Wyoming | 0.57% | 0.52% | $4,360 a year |
Estimating them for a home
For property tax, multiply the price by the county’s rate, then check the listing’s tax history and ask about special assessments such as Mello-Roos. For insurance, get a quote on the address before you write an offer; in wildfire, wind and flood areas it can be the hardest cost to pin down. The payment calculator and the DSCR calculator fill in these rates when you pick a state and county.
Questions
Which state has the highest property tax?
As a share of home value, New Jersey, where owners pay about 2.11% a year on average. Hawaii is the lowest at about 0.27%. Dollar bills also depend on home values, so a lower rate in an expensive state can still mean a larger bill.
Which state has the most expensive homeowners insurance?
Florida has the highest average premium, about $2,677 a year in NAIC’s 2022 figures. As a share of home value, Louisiana is highest at about 1.20% and Hawaii lowest at about 0.17%, because high home values spread a premium thinner.
How much is homeowners insurance as a percentage of home value?
About 0.47% a year across the U.S., using the 2022 average premium and the Census median home value, and from 0.17% to 1.20% by state. Premiums have risen since, and wildfire, wind and flood risk move a single home well above its state’s figure, so a quote is the number to use.
Is property tax included in a mortgage payment?
Usually, yes. Most lenders collect a twelfth of the yearly tax and insurance with each payment and pay the bills from an escrow account, so both belong in the monthly cost you plan for.
