Texas sixth nationally in property taxes

​​​​WASHINGTON – ​Texas has the sixth-highest property tax rate in the country, reports WalletHub.

The Lone Star State tied with Vermont with a 1.83 percent effective real estate tax rate. The annual tax on a median-priced Texas home ($151,500) is $2,775. ​

Vermont’s annual tax on a median-priced home ($220,600) is $4,040. 

Texas is among seven states that do not have an income tax. It is also among 24 (including the District of Columbia) that do not have a vehicle tax. 

New Jersey has the highest effective real estate tax rate at 2.44 percent. A homeowner would pay $7,840 in taxes each year on a median-priced Garden State home ($321,100). 

The rest of the top five are Illinois, New Hampshire, Connecticut, and Wisconsin​.

Hawaii has the lowest effective real estate tax rate. Residents would pay $1,529 annually on a median-priced Hawaiian home ($563,900). 

Other states with the lowest annual property taxes are Alabama, Louisiana, and Colorado and District of Columbia (tied). 

For more on Texas real estate taxes, ​read "Texas Tax Conundrum" by Real Estate Center Research Economist Dr. Charles Gilliland.