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By state

Rental property calculator, by state

Property tax and insurance are the two operating costs that swing hardest on geography — from 0.32% effective tax in Hawaii to 2.07% in Illinois. Pick a state and Caprately runs the underwriting with those costs already in place.

Property tax and insurance, state by state

Annual cost as a share of the property's value. Pick a state to open a calculator that already carries these rates.

Effective property tax and insurance rates by state
StateProperty taxInsurance
Alabama rental calculator0.41%1.25%
Alaska rental calculator1.36%0.50%
Arizona rental calculator0.46%0.60%
Arkansas rental calculator0.73%1.50%
California rental calculator1.15%0.50%
Colorado rental calculator0.57%0.80%
Connecticut rental calculator1.69%0.50%
Delaware rental calculator0.68%0.35%
District of Columbia rental calculator0.65%0.35%
Florida rental calculator0.86%1.85%
Georgia rental calculator0.88%0.85%
Hawaii rental calculator0.32%0.12%
Idaho rental calculator0.69%0.45%
Illinois rental calculator2.07%0.70%
Indiana rental calculator0.84%0.75%
Iowa rental calculator1.46%0.90%
Kansas rental calculator1.33%1.70%
Kentucky rental calculator0.98%0.85%
Louisiana rental calculator0.68%2.50%
Maine rental calculator1.08%0.40%
Maryland rental calculator1.18%0.45%
Massachusetts rental calculator1.10%0.40%
Michigan rental calculator1.31%0.60%
Minnesota rental calculator1.10%0.90%
Mississippi rental calculator0.89%1.60%
Missouri rental calculator1.10%1.10%
Montana rental calculator0.91%0.80%
Nebraska rental calculator1.58%1.90%
Nevada rental calculator0.61%0.35%
New Hampshire rental calculator1.65%0.35%
New Jersey rental calculator2.07%0.35%
New Mexico rental calculator0.92%0.80%
New York rental calculator1.43%0.40%
North Carolina rental calculator0.88%0.70%
North Dakota rental calculator1.12%1.00%
Ohio rental calculator1.50%0.55%
Oklahoma rental calculator1.09%2.40%
Oregon rental calculator1.01%0.30%
Pennsylvania rental calculator1.39%0.45%
Rhode Island rental calculator1.23%0.45%
South Carolina rental calculator0.54%0.90%
South Dakota rental calculator1.10%1.30%
Tennessee rental calculator0.72%0.85%
Texas rental calculator1.54%1.35%
Utah rental calculator0.63%0.35%
Vermont rental calculator1.66%0.30%
Virginia rental calculator0.91%0.50%
Washington rental calculator0.83%0.35%
West Virginia rental calculator0.56%0.70%
Wisconsin rental calculator1.45%0.50%
Wyoming rental calculator0.67%0.75%

Property tax is the state's median effective rate on housing value, with a uniform 10% uplift because rentals typically lose the homestead exemption. Insurance is a typical landlord policy as a share of value. Both are screening estimates — county assessments and real quotes vary widely inside every state.