Cities with the Lowest Property Taxes in the U.S.

When it comes to finances, property taxes can be a substantial burden on a homeowner. To help you keep more of your hard-earned cash, we'll take a closer look at some cities in the U.S. that are renowned for their low property taxes.

These locales not only offer potential savings but also boast unique qualities that make them appealing destinations for both you and your family. 

These are the U.S. cities with the lowest property taxes, according to Lending Tree.

 

10. Charlotte, North Carolina

Median property taxes: $1,986

Median home price: $387,055

Population: 885,663

Bottom Line: Charlotte, North Carolina

Charlotte property taxes average just less than $2,000 annually. That, combined with affordable housing and strong job market, makes this city a hard to beat locale, especially compared to  other big cities on the East Coast.

It is, therefore, no surprise that Charlotte is attracting people from bigger cities who are looking for job opportunities, a mellow lifestyle and a welcoming community.

 

9. Nashville, Tennessee

Median property taxes: $1,884

Median home price: $430,946

Population: 658,525

Bottom Line: Nashville, Tennessee

People are moving to Music City in leaps and bounds. And while housing prices have gone up, property taxes are still fairly low. 

While taxes on homes without mortgage are generally about $700 less expensive than homes with a mortgage, that's not the case in Nashville, where they are slightly higher. 

 

8. Oklahoma City, Oklahoma

Median property taxes: $1,877

Median home price: $198,125

Population: 697,763

Bottom Line: Oklahoma City, Oklahoma

People often choose Oklahoma City as a place to call home. Housing is particularly budget-friendly, with a wide range of options that allow residents to enjoy more space. Property taxes, utilities, groceries, and other everyday expenses also tend to be cheaper here. 

Energy, healthcare, and aerospace are big employers in Oklahoma City, which also makes it an attractive option for stable employment. 

7. Las Vegas, Nevada

Median property taxes: $1,835

Median home price: $399,051

Population: 653,843

Bottom Line: Las Vegas, Nevada

Vegas continues to grow by leaps and bounds every year, due to job opportunities in industries like tourism, hospitality, technology, and healthcare. While home prices have gone up, property taxes are still a little over $1,800 per year. 

However, day-to-day expenses in Sin City are increasing and are higher than the U.S. average. But it's still less expensive than other major metros in the Western U.S.,

6. Indianapolis, Indiana

Median property taxes: $1,804

Median home price: $223,697

Population: 871,449

Bottom Line: Indianapolis, Indiana

What's not to love about Indianapolis? Property taxes and housing are cheap, and this affordability extends to other aspects of every day life. Here, families can enjoy a comfortable lifestyle without the financial strain commonly associated with city living. 

Jobs in energy, manufacturing, pharmaceuticals and transportation are plentiful in Indianapolis. And if you're a sports fan, you'll have plenty of excitement through the iconic Indianapolis 500, NFL's Indianapolis Colts, and NBA's Indiana Pacers.

5. Phoenix, Arizona

Median property taxes: $1,769

Median home price: $415,258

Population: 1,651,344

Bottom Line: Phoenix, Arizona

Another popular place to live in recent years is Phoenix, which has also seen a rise in home prices post-Covid, but, once again, property taxes are low. 

The state's overall low taxes and business-friendly policies have attracted new residents from across the country. If you can tolerate the desert heat during the summer months, Phoenix is a viable option. 

4. Louisville, Kentucky

Median property taxes: $1,765

Median home price: $233,462

Population: 621,764

Bottom Line: Louisville, Kentucky

Housing (including property taxes) is cheap in Louisville, so you can enjoy life without constantly worrying about your budget.

Beyond affordability, Louisville has a lot to offer, from Southern comfort food to fine bourbon. And don't forget the Kentucky Derby! The city has an overall friendly and relaxed vibe with a more than a little Southern charm, making it a great place to call home. 

3. Memphis, Tennessee

Median property taxes: $1,672

Median home price: $149,898

Population: 621,777

Bottom Line: Memphis, Tennessee

If it's alway been your dream to live in the same city as the birthplace of rock n' roll and Graceland, you're in luck — Memphis has one of the lowest home and property tax totals on our list. 

The city's cost of living is 13 percent less than the national average. And if you're in  manufacturing or transportation, you're in luck — nearly 35 percent of workers are gainfully employed in these industries. 

2. New Orleans, Louisiana

Median property taxes: $1,506

Median home price: $263,349

Population: 364,659  

Bottom Line: New Orleans, Louisiana

Property taxes in New Orleans are the second most affordable in the U.S. While it's not extremely cheap overall, in comparison to other major metros in the U.S., The Big Easy is easy living. And jobs in tourism, health, education and tech are plentiful. 

If thoughts of beignets and brass bands frequently fill your head, this is the town for you.

1. Birmingham, Alabama

Median property taxes: $995

Median home price: $106,087

Population: 192,557

Bottom Line: Birmingham, Alabama

Birmingham is cream of the crop when it comes to affordability in terms of property taxes. It is the only major city on our list with a median price of less than a $1000. 

You can find decent deals on houses, especially if you're willing to venture into the less ritzy neighborhoods. The cost of living, in general, tends to be lower than in many major cities, so every day expenses won't give your wallet too much grief.