The State With the Highest Property Tax Is … – NMP
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The State With the Highest Property Tax Is …

Feb 25, 2020
Photo credit: Getty Images/dk_photos

New Jersey is known by the nickname of the Garden State, but it could also be called the Property Tax State.
 
According to a new study by WalletHub, New Jersey has the highest real estate tax in the country, with annual taxes of $5,064 for a residence at the 2018 national median price of $205,000. Other states burdened with high property taxes include Illinois ($4,705), New Hampshire ($4,498), Connecticut ($4,317) and Wisconsin ($3,904).
 
At the other end of the spectrum, Hawaii has the lowest real estate tax, $560, which is nine times lower than New Jersey’s level. Taxes are also low in Alabama ($854), Colorado ($1,076), Louisiana ($1.091) and the District of Columbia ($1,122).
 
And in case the political junkies are wondering who pays the highest real estate property taxes, WalletHub determined that Blue States have 21.12 percent higher real-estate property taxes, averaging $2,542, than Red States, averaging $2,099.
 
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Phil Hall
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Feb 25, 2020
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