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|
|51||New Jersey||51||Rhode Island|
- 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: