Skip to main content

The Highest Property Taxes Are Found In...

Phil Hall
Mar 01, 2017

The average household shells out $2,149 annually on property taxes for their homes, but some states require their residents to pay far more than others.
 
In a new data analysis released by WalletHub, Hawaii was identified as the state with the lowest real-estate tax: a 0.27 percent rate, with $487 in annual taxes on a $179,000 home. The Aloha State’s property tax rate stands in contrast to the taxes in the Garden State: the Hawaiian rate is 8.6 times lower than in New Jersey, which carries a 2.35 percent rate with $4,189 in annual taxes on a $179,000 residence.
 
Joining Hawaii in the low-property-tax club are Alabama (a 0.43 percent effective real estate tax rate), Louisiana (0.49 percent), Delaware (0.54 percent) and the District of Columbia (0.56 percent). New Jersey’s leadership in the high-property-tax orbit was followed by Illinois (2.30 percent), New Hampshire (2.15 percent), Connecticut (1.97 percent) and Wisconsin (1.96 percent).
 
And for the benefit of the political junkies, WalletHub also determined that Blue States have 17 percent higher real-estate property taxes, averaging $2,200, than Red States, averaging $1,876.
Published
Mar 01, 2017
ChainLogix Appoints New Vice President, Operations

Jeryl Graham hired to accelerate growth in title & mortgage services.

Industry News
Oct 15, 2021
JPMorgan Chase To Commit $8.4M To Improve Household Stability For The Underserved

JPMorgan Chase announced six organizations that will receive philanthropic capital as part of the firm’s $400 million five-year commitment to improve housing affordability and stability for Black, Hispanic and Latino, and other underserved households.

Community
Oct 15, 2021
SRE Mortgage Alliance 'Restructuring & Reorganizing'

Owner of technology-based wholesale residential mortgage lender in El Segundo to determine organization's future.

Wholesale
Oct 15, 2021
Ginnie Mae Issued Record MBS Volume In FY2021

The record $939 billion issued included nearly $73 billion in September.

Industry News
Oct 14, 2021
UWM Completes Test Of Cryptocurrency Mortgage Payments

United Wholesale Mortgage evaluated and accepted the first-ever cryptocurrency mortgage payment in September and an additional five payments in October from borrowers.

Industry News
Oct 14, 2021
Arvielo Re-Appointed To HUD Advisory Committee

Nationwide mortgage lender New American Funding’s Co-Founder and President Patty Arvielo has been re-appointed to serve on the U.S. Department of Housing & Urban Development's Housing Counseling Federal Advisory Committee.

Industry News
Oct 13, 2021