A home in Hawaii, in this file photo. Joshua Rainey/Dreamstime/TNS
Hawaii, a global vacation destination known for its tropical climate, lush rainforests, and sandy beaches, has earned the distinction as the most expensive state in the United States. With a median home value of $808,200 and a cost of living almost twice the national average, this island state nonetheless offers the lowest property tax rates in America.
A Feb. 17 report from WalletHub shows the real estate tax rate in the state at just 0.27 percent of the home value. Using this formula, property owners living in a median-priced home would pay just $2,183 in real estate taxes annually.
