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Sunday, February 25, 2024
Feb. 25, 2024

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State’s effective property tax rate bests U.S. average

The Columbian

Washington’s effective property tax rate in 2014 was lower than the national average, according to a study released Tuesday by RealtyTrak, a California-based housing research firm.

Washington’s average effective tax rate in 2014 was 1.06 percent, compared to a national average of 1.29 percent, RealtyTrak said. Oregon’s rate was 1.18 percent. The average effective property tax rate is measured by dividing the average property taxes for single-family homes by the average estimated value of single-family homes.

States with the highest effective property tax rates were New York, at 3.01 percent; Texas, 2.18 percent; Illinois, 2.15 percent; Connecticut, 2.11 percent; and New Jersey, 2.01 percent.