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The largest purchase that we are likely to make in our lives is the home where we lay down our heads at night. When we make this purchase, we typically scrutinize the purchase price. Why not? We want to get the best deal possible, so we should scrutinize the price we pay. However, there is one factor to buying a home that often gets overlooked. Today, I’m going to outline 8 amazing places to live with low property tax, and I’ll even throw in a bonus location as well!

In this world, nothing can be said to be certain except death and taxes. -Benjamin Franklin

If you’re on the hunt for a new home, keep an eye on the property taxes before you decide to sign on the dotted line. It may save you hundreds of thousands of dollars!

Prospective home buyers need to consider both economic and non-economic factors when buying a home. Ideally, home buyers will find a place that represents the best value to them, combining reasonable costs of living along with high living standards. -Michael Dinich, Financial Planner, Your Money Geek

Beaufort, SC

Low Property Tax Rate: 0.48%

Median Home Value: $275,500

Annual Taxes at Median: $1,331

Why Beaufort?

There is a ton of historical significance here. You’ll find homes from the Civil War era along with breathtaking waterfront views! Come see why Beaufort was voted as the South’s Best Small Town by Southern Living Magazine. With that small town feel also comes small property taxes. You’ll only be paying .48% in property taxes!

Washington, DC

Low Property Tax Rate: 0.85%

Median Home Value: $548,300

Annual Taxes at Median: $4,660

Why Washington, DC?

The Nation’s Capital boasts so much historical significance and scenery that you’ll never be lacking for things to do! What’s even better is that there are so many free things to do here as well. Not only will you be saving on property taxes with your .85% tax rate, but you’ll be saving on entertainment too!

Pahrump, NV

Low Property Tax Rate: 1.052%

Median Home Value: $239,000

Annual Taxes at Median: $2514

Why Pahrump?

Pahrump offers great options for people of all ages. Although the property tax is a little higher than some of the others on this list, Nevada has no state income tax, which is one of the many great things about living here. It is close enough to Las Vegas for a quick getaway, but far enough away to make it a great place to raise a family, with excellent school and medical facilities. There are also a ton of recreational activities to participate in, including golf, off-roading, weapons training, horse riding, and many more. Find your favorite activity today!

The town of Pahrump, NV is a hidden gem just now getting discovered. One of the best options for retirees, baby boomers, and young families for many reasons. The weather is dry, with a mild climate, and flying insect free. Roads, internet, electricity, and all other basic needs are improving daily. Violent crime is very low. This is the new-old west of Nevada. A Low cost of living, no state tax, mild weather, and a very friendly rural mindset, the town of Pahrump is a hidden gem. –Ron Feir, #1 Ranked Social Engagement Realtor, Top 20 Swanepoel Social Influencer Award Winner

Colorado Springs, CO

Low Property Tax Rate: 0.52%

Median Home Value: $267,600

Annual Taxes at Median: $1,391

Why Colorado Springs?

Enjoy the fresh Mountain air in the beautiful Colorado Springs. Find your adventurous side as you fulfill your life with all of the outdoor activities of your dreams. With an ultra-low .52% tax rate, you’ll be able to save more money for the things that you enjoy most!

Tillamook, OR

Low Property Tax Rate: 0.6%

Median Home Value: $237,900

Annual Taxes at Median: $1,427

Why Tillamook?

Over on the Pacific Coast, Tillamook is a small, quiet town where you can relax and enjoy the breeze from the Pacific Ocean. You’ll also be able to spend plenty of time outdoors, with hiking, fishing, kayaking, and other great outdoor activities to keep you busy for years. The tax rate here is only .6%, so you’ll be able to enjoy the Pacific breeze with a piece of mind knowing that you aren’t overpaying for your taxes!

Rehoboth Beach, DE

Low Property Tax Rate: 0.32%

Median Home Value: $449,500

Annual Taxes at Median: $1,438

Why Rehoboth Beach?

Rehoboth Beach is consistently ranked near the top quality beaches in the country, and for good reason. Beautiful sand and gorgeous sunrises will wake you up every morning thinking you are living in a dream. The .32% tax rate is no dream though since it comes in as the lowest tax rate on my list.

Ocean City, MD

Low Property Tax Rate: 0.72%

Median Home Value: $241,500

Annual Taxes at Median: $1,739

Why Ocean City?

On top of the famous Ocean City Boardwalk, you’ll find so much to do in this Atlantic Coastal town. Many of these activities are free as well, so soak up the sun on the beach, relax, and enjoy the fabulous ocean views in this amazing city! On top of soaking up the sun, you’ll be soaking up the dollars with your savings from the .72% tax rate.

Avalon, NJ

Low Property Tax Rate: 0.54%

Median Home Value: $1,214,400

Annual Taxes at Median: $6,569

Why Avalon?

Avalon is located on the famed 7 Mile Beach, with white sand and calm crashing waves. You’ll be able to spend the day at the beach. Or you can take in everything else the water has to offer, from boating, sailing, surfing, fishing, and more. Not your thing? You can find plenty to keep you busy on land too. With the .54% tax rate, you’ll save plenty of money for shopping in Avalon’s downtown shopping district.

Avalon has proximity to major cities, pristine beaches, low taxes, it’s visually stunning. Zoning is mostly single family, so you have a relaxed feel. Only 15 minutes to Cape May, 30 minutes to Atlantic City. Avalon has a quiet culture most of the year, it’s beautiful in all seasons, has a great vibe in the summer. Only 10 minutes to multiple golf clubs and courses, boating, and incredible sunsets. There is also financial potential to invest in rental property of development. -Mike Hrubos, Realtor, Founder of The Avalon Life and The Stone Harbor Life

What If I Can’t Find A Low Property Tax Rate?

You might not be ready to jump across the country and move somewhere on this list. Maybe the area you are looking at doesn’t have very low property taxes.

Or, you might be thinking that there is so much more that goes into the decision to buy a home than the tax rate alone. I would definitely agree. There are many reasons that you will choose where you buy your next home, including schooling, property taxes, purchase price, employment opportunities, weather, etc.

The list is endless.

You have to decide what is valuable to you!

Knowing this information, I’ve decided to include one community with a little bit of a higher tax rate to give another side of the story and show that although low property tax rates are important, they aren’t the only important thing to consider when buying a home.

Westborough, MA

Not So Low Property Tax Rate: 1.84%

Median Home Value: $470,800

Annual Taxes at Median: $8,662

Why Westborough?

Westborough is located just a quick 45-minute drive from Boston. A quiet suburb with a rich history, Westborough celebrated its 300th anniversary in 2017. It boasts plenty of recreational activities, including swimming, boating, and fishing on Lake Chauncy. One of the largest upsides to Westborough is the immaculate school system, which is part of the reason you’ll see higher tax rates here.

Westborough is a hidden gem in an area called Metrowest. What really makes the town special is a good mix of that home town feel combined with an abundance of shopping, restaurants, and other top local attractions. Westborough boasts one of the highest ranked school systems in the state. –Bill Gassett, Top 5 Re/Max Realtor in New England

Final Thoughts

If you are looking for top-notch areas with extremely low property tax, then you’ve found them! Whatever your lifestyle encompasses, one of these places will give you what you are looking for. As a bonus, you’ll be paying less in property taxes, and keeping more money in your pockets! For some other methods to put some extra money in your pockets, learn How To Earn Extra Cash on The Side.

-Real Money Robert