2026 Competitiveness Redbook | Page 22

TABLE 14 Source: Lincoln Institute of Land Policy / Minnesota Center for Fiscal Excellence
Effective Property Tax Rate on a Primary Residence in the State’ s Largest City( Payable 2024)
Rank
Effective Tax Rate
2023 Median Home Value
Tax on Median
Rank
1 Detroit, MI
3.019 %
$ 86,400
$ 2,609
41
2 Portland, OR
2.593 %
$ 570,300
$ 14,787
1
3 Burlington, VT
2.316 %
$ 400,200
$ 9,268
4
4 Baltimore, MD
2.142 %
$ 241,900
$ 5,182
10
5 Newark, NJ
2.124 %
$ 403,500
$ 8,569
5
6 Bridgeport, CT
1.940 %
$ 307,100
$ 5,958
8
7 Milwaukee, WI
1.781 %
$ 183,700
$ 3,271
26
8 Omaha, NE
1.780 %
$ 255,500
$ 4,548
13
9 Des Moines, IA
1.702 %
$ 194,700
$ 3,314
25
10 Chicago, IL
1.502 %
$ 318,900
$ 4,791
12
11 Manchester, NH
1.478 %
$ 369,300
$ 5,459
9
12 Jacksonville, FL
1.436 %
$ 312,400
$ 4,486
14
13 Albuquerque, NM
1.416 %
$ 300,100
$ 4,248
18
14 Kansas City, MO
1.369 %
$ 243,200
$ 3,330
24
15 Houston, TX
1.346 %
$ 282,400
$ 3,802
19
16 Oklahoma City, OK
1.313 %
$ 248,100
$ 3,257
27
17 Portland, ME
1.283 %
$ 494,400
$ 6,341
7
18 Jackson, MS
1.269 %
$ 110,600
$ 1,403
50
19 Minneapolis, MN
1.250 %
$ 355,600
$ 4,445
15
20 New York City, NY
1.249 %
$ 743,000
$ 9,279
3
21 Sioux Falls, SD
1.233 %
$ 302,500
$ 3,730
20
22 Fargo, ND
1.224 %
$ 282,700
$ 3,459
22
23 Indianapolis, IN
1.204 %
$ 238,400
$ 2,870
34
24 Louisville, KY
1.192 %
$ 233,900
$ 2,787
35
25 Los Angeles, CA
1.191 %
$ 919,900
$ 10,952
2
26 Wilmington, DE
1.184 %
$ 228,600
$ 2,706
38
27 Las Vegas, NV
1.138 %
$ 434,200
$ 4,939
11
28 Little Rock, AR
1.132 %
$ 241,600
$ 2,734
36
29 Anchorage, AK
1.107 %
$ 385,900
$ 4,272
17
29 Wichita, KS
1.107 %
$ 198,100
$ 2,193
45
31 Columbus, OH
1.025 %
$ 265,800
$ 2,725
37
32 Phoenix, AZ
0.969 %
$ 441,300
$ 4,274
16
33 New Orleans, LA
0.873 %
$ 306,400
$ 2,674
40
34 Charleston, WV
0.863 %
$ 187,300
$ 1,616
49
35 Providence, RI
0.859 %
$ 359,900
$ 3,093
29
36 Philadelphia, PA
0.850 %
$ 246,600
$ 2,095
47
37 Atlanta, GA
0.838 %
$ 443,300
$ 3,714
21
38 Seattle, WA
0.768 %
$ 898,600
$ 6,898
6
39 Virginia Beach, VA
0.749 %
$ 384,200
$ 2,879
33
40 Billings, MT
0.728 %
$ 346,500
$ 2,523
43
41 Charlotte, NC
0.702 %
$ 413,800
$ 2,904
32
42 Cheyenne, WY
0.638 %
$ 340,800
$ 2,175
46
43 Boise, ID
0.611 %
$ 491,800
$ 3,005
30
44 Nashville, TN
0.581 %
$ 433,500
$ 2,519
44
45 Huntsville, AL
0.540 %
$ 309,900
$ 1,673
48
46 Denver, CO
0.519 %
$ 626,500
$ 3,253
28
47 Salt Lake City, UT
0.517 %
$ 566,400
$ 2,930
31
48 Charleston, SC
0.494 %
$ 515,800
$ 2,546
42
49 Boston, MA
0.490 %
$ 703,600
$ 3,445
23
50 Honolulu, HI
0.298 %
$ 899,300
$ 2,683
39
Dist. of Columbia
0.699 %
$ 715,500
$ 5,001
U. S. Average
1.222 %
$ 381,800
$ 4,223
Seattle ranked only 38th in the effective tax rate( ETR, the tax levied on a property divided by its market value) on residential property. Because of high house prices, however, the city ranked 6th highest in the amount of tax on the average house.