Where Real Estate Taxes Are Highest & Lowest

Key Highlights

• Average American household pays $2,471/year
• Remember property taxes can be imposed by states, cities, counties and local school boards

Two of Life’s Givens:  Death and Taxes

As not to be morose, we’ll only talk about taxes in this piece.

WalletHub just released its latest state rankings on property taxes.  This ranking gives us some reality on how much it costs to live where

Wallet Hub based its recent rankings of median property taxes in our 50 states plus the District of Columbia.  Data in the latest available US census figures (2019) on median home values and property taxes paid was used.

10 Highest Real Estate Taxes @ Wallet Hub 

Rate           Median Home Value                Annual Taxes

2.49%    New Jersey

$335,600                         $8,362

2.27%    Illinois

$194,500                         $4,419

2.18%    New Hampshire

$261,700                         $5,701

2.14%    Connecticut

$275,400                         $5,898

1.90%    Vermont

$227,700                         $4,329

1.85%    Wisconsin

$180,600                         $3,344

1.80%    Texas

$172,500                         $3,099

1.73%    Nebraska

$155,800                         $2,689

1.72%    New York

$313,700                         $5,407

1.63%    Rhode Island

$261,900                         $4,272

10 Lowest Real Estate Taxes @Wallet Hub

Rate           Median Home Value             Annual Taxes

0.61%    Wyoming

$220,500                         $1,337

0.60%    Nevada

$267,900                         $1,614

0.58%    West Virginia

$119,600                         $698

0.57%    Delaware

$251,100                         $1,431

0.56%    Washington DC

$601,500                         $3,378

0.55%    Louisiana

$163,100                         $890

0.51%    Colorado

$343,300                         $1,756

0.41%    Alabama

$142,700                         $587

0.28%    Hawaii

$615,300                         $1,715

Thanks to WalletHub.

To see a ranking of all state property taxes, go to 

https://wallethub.com/edu/states-with-the-highest-and-lowest-property-taxes/11585 

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