US States with No Property Tax: Check out the complete list here!

Some US states provide relief from property taxes, offering exemptions for seniors and certain groups. Alabama, Alaska, Florida, Georgia, Mississippi, and South Dakota stand out as states with no property taxes for seniors aged 65 and above. Alabama exempts seniors entirely, while Alaska offers a $150,000 exemption. Florida provides benefits for retirees, including property tax exemptions.

US States with No Property Tax

Georgia offers property tax exemptions for seniors focusing on low-income housing. In Mississippi, the first $75,000 of a home’s value is exempt for those over 65. Moving to these states can potentially mean reduced or no property tax burdens for eligible individuals.

Property Tax is applicable to all the citizens of the US. An average US homeowner pays $2,300 in property taxes for their residences. A personal property tax on automobiles is also imposed in some states which is costing citizens an additional amount of approx $440. There is a kind of property tax in every state in the United States as per govt rule but there is an exemption in the tax in few states and they have lower property taxes, considered as US States with No Property Tax.

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US States without Property Tax 2023

We all have to pay property taxes, whether we own a home or not. The cost of paying property taxes varies greatly between states, regions, and even neighborhood governments. Homeowners and owners in real estate should be aware of the annual property tax amounts they will be required to pay based on the location of their property. 

There are few states where property tax is not applicable like Alaska, Florida, Georgia, South Dakota etc while some places are where property tax is as low as it is almost no. Some of the places are given below with applicable tax rate.

  • Hawaii

With a rate of only 0.31%, Hawaii boasts the lowest property tax in the whole country. That’s not bad for a state that also has one of the highest cost of living in the nation. When it comes to owner-occupied house exemptions, residents on the islands may be eligible for a $160,000 exemption, depending on which county they reside in.

  • Louisiana

The significant homestead exemption in Louisiana lowers the assessed value of owner-occupied residences by $7,500, lowering their taxable value. Many homes save hundreds of dollars each year as a result. According to the Tax Foundation, Louisiana’s effective property tax rate of 0.54% is the fourth lowest in the nation.

  • Western Virginia

With an effective property tax rate of 0.55%, West Virginia has the fifth-lowest rate in the country. The assessed value of a residence and the overall tax rate that applies to it are used to determine the state’s property tax obligations.

  • Washington, D.C.

West Virginia’s effective property tax rate, at 0.55%, is the fifth-lowest in the country. Property taxes paid to the state are determined by the assessed value of a residence and the overall tax rate that applies to it. The assessed value is established by contrasting the home’s current market worth with those of nearby residences of a comparable size.  

  • Colorado

Colorado has the third-lowest effective yearly property tax rate in the nation, behind only Alabama and Hawaii, at 0.54%. Colorado uses its property taxes to fund neighborhood services like public schools. Actually, every penny of Colorado’s property tax money is retained in the county where it was collected.

  • Delaware

One of the few states, Delaware, does not have a statute requiring annual property value assessments. In New Castle County, Kent County, and Sussex County, the most recent county-wide reassessment was conducted in 1983, 1987, and 1974, respectively. As a result, property values remain low, which results in cheap taxes.

  • North Carolina

With an effective property tax rate of 0.55%, West Virginia ranks sixth in the nation. The appraised worth of a residence and the overall tax rate that applies to that home are used to calculate the state’s property taxes. Assessing the home’s current market value to those of nearby houses helps estimate the assessed value.

US States with No Property Tax

US States with No Property Tax for Senior Citizens

With a few exceptions, most states in the U.S. require homeowners to be 65 years of age or older to be eligible for property tax exemptions. As per rules, only one spouse needs to be over 65 to get this benefit if you’re married and jointly own your principal house in order to be eligible for several senior exemptions. These states are – South Dakota, Washington, Florida, Alabama, Alaska, South Carolina, Georgia, Hawai, Mississippi, New Hampshire.

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