Property Taxes in California are better than most states. WalletHub ranked California 16th overall for the lowest real estate property taxes out of all the states and Washington DC. The effective real estate tax rate for the Golden State is 0.75 percent. However, that perk does take a hit when considering the state median home value is the third highest behind Hawaii and DC. In case you’re wondering, New Jersey has the highest property tax rate in the country at 2.47 percent.