States with Highest Real Estate Taxes

States with Highest Real Estate Taxes
(Source: Flickr)

MEMPHIS, TN (WMC) - Each year, the average American household spends $2,197 on real-estate property taxes - plus another $436 for residents of the 27 states with vehicle property taxes. With such high costs, it's no surprise that more than $14 billion in property taxes go unpaid each year, according to the National Tax Lien Association. 

In order to determine who pays the most relative to their state, the personal-finance website WalletHub has released its 2018 Property Taxes by State report, which compares home and vehicle taxes across the nation and features insights from a panel of experts.

States with Highest Real-Estate Taxes
  1. New Jersey
  2. Illinois
  3. New Hampshire
  4. Connecticut
  5. Wisconsin
  6. Texas
  7. Nebraska
  8. Vermont
  9. Michigan
  10. Rhode Island and New York
Key Stats:

Hawaii has the lowest real-estate tax, $501, which is 8.9 times lower than in New Jersey, the state with the highest at $4,437.

Twenty-seven states levy some form of vehicle property tax. Of those states, Louisiana has the lowest, $23.98, which is 47.7 times lower than in Rhode Island, the state with the highest at $1,143.79.

Blue States have 18.87 percent higher real-estate property taxes, averaging $2,287, than Red States, averaging $1,924.

To view the full report and see how Mid-South states rank, click here.

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