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.