Florida property taxes have remained steady over the years, with the Sunshine State ranking 27th nationally, according to a new WalletHub study.
Hawaii (0.27%), Alabama (0.43%), and Louisiana (0.49%) had the lowest tax rates while New Jersey (2.35%), Illinois (2.3%), and New Hampshire (2.15%) had the highest tax rates.
Florida’s tax rate: 1.06 percent.
For the methodology, they compared the 50 states and the District of Columbia using U.S. Census Bureau data to determine real-estate property tax rates, dividing median real-estate tax payment by the median home price in every state.
Fun fact: A jarring $11.8 billion in property taxes don’t get paid each year, per the National Tax Lien Association.