Report: Nevada Among States With the Lowest Property Taxes in Nation
LAS VEGAS, NV – In today’s tough economic climate, any way to save a buck or two can make a difference for hard-working families. The overall cost of living is a very real concern when it comes to where you live, and because of that there’s yet another reason why Nevada remains appealing to many- according to a new WalletHub report, the state has some of the lowest property taxes in the entire country.
WalletHub Analyst Chip Lupo noted that, according to the U.S. Census Bureau, the average household in the country pays approximately $3,119 per year in property taxes.
Some states charge no property taxes at all, while others charge an arm and a leg,” he said.
WalletHub’s report examined all 50 U.S. states and the District of Columbia to see which of them placed the heaviest and lightest property tax burdens on their residents.
Americans who are considering moving and want to maximize the amount of money they take home should take into account property tax rates, in addition to other financial factors like the overall cost of living, when deciding on a city,” Lupo said.
According to WalletHub’s report, Hawaii, Alabama, Nevada, Arizona, and Colorado are the states with the lowest property taxes. WalletHub based their report on data originally collected in 2024, at which time the median home value in the nation was $332,700.
With that being said, the average property taxes on a home in Nevada that is worth $332,700 is a mere $1,549 annually, as per WalletHub. Currently, the median home value in the state is $435,400.
In contrast, the states with the highest annual property taxes in WalletHub’s report are New Jersey ($7,022), Illinois ($6,694), Connecticut ($6,024), New Hampshire ($5,511), and Vermont ($5,295).
Shelter Realty Property Management specializes in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.
Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management