Texas was recently ranked one of the worst states in the country for property taxes.
The study was conducted by WalletHub and calculated each state’s effective real-estate tax rate by dividing the annual taxes of a median priced home in the state by the state’s median home value.
The study ranked all fifty states and Washington D.C., and placed Texas as No. 46, with an effective tax rate of 1.86 percent. The median value of a Texas home is $142,700, with $2,654 in annual taxes.
For a $185,000 home in Texas (approximately the median value for U.S. homes in 2016) , the annual taxes would be $3,435.
The best ranked state was Hawaii, with an effective tax rate of 0.27 percent. The median value of a Hawaiian home is $538,400, with annual taxes of $1,459. For a $185,000 home in Hawaii, the annual taxes would be $501.
| State | Effective Tax Rate | Taxes on $185k Home | Median Home Value | Annual taxes on median value home |
| New Jersey | 2.40% | $4,437 | $316,400 | $7,601 |
| Illinois | 2.32% | $4,288 | $174,800 | $4,058 |
| New Hampshire | 2.19% | $4,038 | $239,700 | $5,241 |
| Connecticut | 2.02% | $3,733 | $269,300 | $5,443 |
| Wisconsin | 1.95% | $3,602 | $167,000 | $3,257 |
| Texas | 1.86% | $3,435 | $142,700 | $2,654 |