The Texas Real Estate Research Center at Texas A&M University has issued the following press release:
WASHINGTON – Texas has the seventh highest real estate property taxes nationally, according to a WalletHub study.
The Lone Star State's effective real estate tax rate is 1.81%. Annual taxes on the state median home value ($172,500) is $3,099.
On a $217,500 home, a Texas homeowner would pay $3,907 in property taxes yearly. Property tax rates vary and depend on county and city tax rates.
New Jersey has the highest effective real estate tax rate at 2.49%. Hawaii has the lowest at 0.28%.
WalletHub compared the 50 states and the District of Columbia by using U.S. Census Bureau data to determine real estate property tax rates.