10 Cities With the Most Expensive Real Estate Taxes in 2023
If you think you pay a lot in real estate taxes, you might be surprised to see what these ongoing housing costs look like in other cities across the United States.
In September 2023, findings from SmartAsset determined the cities where real estate taxes are the highest relative to local home values. This data was collected by examining real estate taxes paid by homeowners across 330 cities. While SmartAsset’s table caps at $9,868 for San Jose, California, key findings note real estate taxes cost over $10,000 annually in three more California cities: San Francisco, Santa Clara and Sunnyvale.
View: 15 Cheapest, Safest Places To Live in the US
Learn More: 3 Things You Must Do When Your Savings Reach $50,000
Excluding those three cities, here are the top 10 cities that have the most expensive real estate taxes in 2023.
10. The Woodlands, Texas
Median real estate taxes: $7,732
Median home value: $411,600
Real estate taxes as a percent of home value: 1.88%
Find Out: 5 Reasons the Housing Market Is Reversing
Explore: 10 Affordable US Small Towns With a Great Quality of Life
9. Bellevue, Washington
Median real estate taxes: $7,744
Median home value: $1,109,300
Real estate taxes as a percent of home value: 0.70%
Could You Afford a Vacation Home in Europe? Check Out the Prices in These 8 Cities
8. Jersey City, New Jersey
Median real estate taxes: $8,171
Median home value: $533,500
Real estate taxes as a percent of home value: 1.53%
7. Oakland, California
Median real estate taxes: $8,228
Median home value: $870,800
Real estate taxes as a percent of home value: 0.94%
I’m a Real Estate Agent: These Will Be the Best States To Buy Property in the Next 5 Years
6. Yonkers, New York
Median real estate taxes: $8,610
Median home value: $445,900
Real estate taxes as a percent of home value: 1.93%
5. Frisco, Texas
Median real estate taxes: $9,013
Median home value: $538,400
Real estate taxes as a percent of home value: 1.67%
I’m a Real Estate Agent: 12 Costly Red Flags I Look For During a Home Inspection
4. Fremont, California
Median real estate taxes: $9,019
Median home value: $1,199,400
Real estate taxes as a percent of home value: 0.75%
3. Irvine, California
Median real estate taxes: $9,425
Median home value: $1,003,000
Real estate taxes as a percent of home value: 0.94%
Discover: 15 Cheapest, Safest Places To Live in the US
2. Naperville, Illinois
Median real estate taxes: $9,457
Median home value: $466,100
Real estate taxes as a percent of home value: 2.03%
1. San Jose, California
Median real estate taxes: $9,868
Median home value: $1,155,100
Real estate taxes as a percent of home value: 0.85%
More From GOBankingRates
Suze Orman: 3 Things You Must Do If You Receive an Inheritance
Experts: Here's Why Nearly Every Purchase Should Be On a Credit Card
This article originally appeared on GOBankingRates.com: 10 Cities With the Most Expensive Real Estate Taxes in 2023