Paying Your Fair Share of Property Taxes?

The average American household spends $2,127 on real-estate property taxes each year, and residents of the 27 states with vehicle property taxes shell out another $412. Considering these figures and the debt-fueled environment to which we have grown so accustomed, it should come as no surprise that roughly $11.8 billion in property taxes go unpaid each year, according to the National Tax Lien Association.

With that in mind, the personal finance website WalletHub today released its 2016’s Property Taxes by State report, which compares home and vehicle taxes across the nation and features insights from a panel of leading experts. A few highlights can be found below.

States with the Highest Real-Estate Taxes States with the Highest Vehicle Property Taxes
41 New York T-41 New Hampshire
42 Rhode Island T-41 Wyoming
43 Vermont 43 Kansas
44 Michigan 44 Massachusetts
45 Nebraska 45 South Carolina
46 Connecticut 46 Maine
47 Texas 47 Missouri
48 Wisconsin 48 Connecticut
49 New Hampshire 49 Mississippi
50 Illinois 50 Virginia
51 New Jersey 51 Rhode Island

Key Stats:

  • New Jersey has the highest real-estate taxes, $4,029, which is eight times more expensive than in Hawaii, the state with the lowest, $489.
  • Twenty-seven states levy some form of vehicle property tax. Of those states, Rhode Island has the highest, $1,099, which is 13 times more expensive than in Montana, the state with the lowest, $86.
  • Blue States have 39 percent higher real-estate property taxes, averaging $2,280, than Red States, averaging $1,642.

For the full report and to see where your state ranks, please visit:

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