Are Property Taxes Higher In Minnesota, Iowa or South Dakota?
No one likes to pay taxes. Any taxes. But we all do.
Ben Franklin had it right: In this world, nothing can be certain except death and taxes.
Well, let's not talk about the former (too depressing), but the latter (OK, depressing maybe but not as much).
There are all types of taxes. When it's tax time so you know that. But specifically, property taxes. How bad are they?
Well of course it depends on where you live. If you're fortunate enough to call the Sunshine State of South Dakota home, not too bad.
According to WalletHub, our Effective Real Estate Tax Rate is 35th in the nation. What does that mean? Let's just say...I'm not sure.
You see, hard as it is to believe, I'm not a finance whiz. Oh, I know pretty much what a Grain Belt Longneck will run me at my favorite local watering hole, but when you have these guys at WalletHub talking about Effective Real Estate Tax Rate, State Median Home Value, Annual Taxes On Home Priced at State Median Value and on and on....ugh.
Minnesota ranks 32nd nationwide, while Iowa sits at number 42.
The lowest property tax in the nation? Hawaii.
You can check out all the charts, numbers and fun here. In the meantime, keep up on all your taxes.
Oh and meet me down at the local watering hole. I can calculate for you exactly what a perfectly chilled Grain Belt Longneck will cost. And the pretzels are free.