The U.S. states with the highest and lowest property tax rates vary considerably.

Your monthly mortgage isn’t the only financial consideration when you own a home. You should also account for expenses like insurance, utilities, upkeep, and property taxes, all of which can add up, making homeownership more costly.

HomeAdvisor, a website offering home services, examined data from the U.S. Census Bureau to calculate the property tax rates across each state, alongside the median property tax payments and the percentage of household income spent on property taxes. Below are the states with the highest and lowest property tax rates for homeowners.

The 10 states with the highest property tax rates.

Some states are known for their high property tax rates, with New Jersey standing out as the state where residents pay the most—$8,488 annually—outpacing all others in the country.

1. New Jersey: 2.47%

2. Illinois: 2.24%

3. Connecticut: 2.13%

4. New Hampshire: 2.13%

5. Vermont: 1.90%

6. Wisconsin: 1.78%

7. Texas: 1.75%

8. New York: 1.72%

9. Nebraska: 1.68%

10. Rhode Island: 1.57%

A rundown of the top 10 states with the lowest property tax rates

1. Hawaii: 0.28%

2. Alabama: 0.41%

3. Colorado: 0.51%

4. Louisiana: 0.55%

5. District of Columbia: 0.56%

6. South Carolina: 0.57%

7. Delaware: 0.57%

8. Nevada: 0.57%

9. West Virginia: 0.58%

10. Utah: 0.60%

How much should you set aside for property taxes?

It’s no surprise that the states with the highest property tax rates are the same ones where homeowners allocate a significant portion of their budget to property taxes. In New Jersey, this means 9.96% of household income, or $8,488. Other states in the top five include New York, Connecticut, New Hampshire, and Vermont.

On the other hand, Alabama households pay the smallest share of their income (just 1.17%, or $608) towards property taxes. West Virginia, Arkansas, South Carolina, and Louisiana also fall into this category.

Which states are expected to see the largest increases in property taxes?

Using data from the Federal Housing Finance Agency, HomeAdvisor identified states where property taxes are projected to rise the most in the next five years. Idaho leads the way, with an expected increase of between 120.0% and 139.9%. Utah is also set for a significant jump, ranging from 100.0% to 119.9%. (Both states currently have relatively low property taxes.)

Arizona, Florida, Montana, Nevada, Tennessee, and Washington are forecasted to experience considerable increases in property taxes, with a rise between 80.0% and 99.9%. Meanwhile, Alaska, Delaware, Hawaii, Illinois, Louisiana, North Dakota, and West Virginia are expected to see the smallest increases (between 20.0% and 39.9%) over the next five years.