5. Colorado
- Average House Value in 2022: $545,794
- Effective Property Tax Rate in 2019: 0.52%
- Median Household Income in 2019: $77,127
- Annual Taxes on a Median-Priced Property: $2,838.13
Colorado has a low effective property tax rate, but house prices are quite high there, which means that homeowners have to pay $2,838.13 a year on a median-priced property — the second-highest annual taxes of any state on this list.
And yet, Colorado has the second-highest median household income on our list, which may help that financial burden seem relatively affordable.
Its 9.3% poverty rate is on the lower side, which may also be an advantage.
