Which Cities In U.S. Have Lowest Property Tax Rates?

Yesterday, I wrote about Missouri having the 27th lowest effective property tax rate of the 50 states, so today I decided to look at property tax rates for the largest MSA’s around the country.  Included in my list are the 219 MSA’s with a population of 200,000 or more.  As the table below shows, at the top of the list, with the lowest effective real property tax rate of the MSA’s is Laredo, Texas with an effective property tax rate of just 0.35%.  The states of Alabama and Colorado both have 3 MSA’s on the list of the 10 MSA’s with the lowest property tax rate.

To see how the three MSA’s in Missouri stack up, click here to see the entire list.

Real Property Tax Rates In The U.S. For 2018 By MSA

(Click on the table for the complete list)

Real Property Tax Rates In The U.S. For 2018 By MSA

Date Source ATTOM Data Solutions
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Which State Has the Lowest Property Tax Rates?

Missouri falls in about the middle of the states in the U.S. in terms of real property taxes based upon the effective rate.  As the first table below shows, Missouri, with an effective property tax rate of 1.04% in 2018, comes in at the 27th lowest state.  Hawaii is at the top of the list with the lowest effective tax rate at 0.37% and New Jersey comes in last with the highest property tax rate at 2.25%.  Right behind New Jersey, is our neighbor to the east, Illinois, where the effective property tax rate is 2.22%, over twice as high as Missouri.