Nevada has the cheapest income tax requirement in the nation (zero), but did you know what the least expensive property tax states are?
Once again, Nevada came in among the five least costly states in effective property taxes (tied with neighboring Utah at No. 4). So if you’re looking for real estate with the least painful tax bite, you’ll not do better than Nevada. Coming in behind those two were West Virginia, Delaware, Arizona, Tennessee, and Wyoming (the only other state on this list to also charge no state income tax).
Most expensive tax states
Most expensive states for property taxes on single family homes were New Jersey (a repeat “winner”), Illinois, Texas, Vermont, and Connecticut. Texas is a no income tax state as well, but it apparently makes that up with property taxes. This is according to ATTOM Data Solutions.
Nationally, property taxes increase an average 3 percent last year. Metro areas that raised them the most then included Los Angeles, Dallas-Fort Worth, Washington D.C., Atlanta, and San Francisco. Two other California markets also making the list for bigger tax hikes were Riverside-San Bernardino and San Diego.