D.C. Homeowner Taxes Among Lowest in U.S.

By Kathy Banks
|  Friday, Oct 1, 2010  |  Updated 6:45 PM EDT
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D.C. Homeowner Taxes Among Lowest in U.S.

Halstead Property

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Hey, D.C. homeowners! Maybe this will take some of the sting out of paying your next tax bill.

D.C. property taxes are among the lowest in the nation, according to the Tax Foundation, which looked at figures from the U.S. Census Bureau.

OK, now, stop laughing.

When researchers looked at the property tax rate as a percentage of a home’s value, D.C.'s was 0.46 percent last year. That would make D.C.'s tax bill the 47th cheapest, if compared to all 50 states.

The national average was 3.03 percent.
 

Maryland had a property tax bill of 0.8 percent, ranking in at #25. Virginia's tax rate was 0.74 percent, the 34th lowest.

Still, folks in the Northeast paid the most, according to the survey, with the highest property taxes paid in New York and New Jersey. Homeowners in much of the south paid the lowest.


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