The Highest Property Taxes Are Found In... – NMP 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.
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