MEMPHIS, TN (WMC) - Each year, the average American household spends $2,279 on real-estate property taxes plus another $440 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.
States with Highest Real Estate Taxes
43. New York
49. New Hampshire
51. New Jersey
Hawaii has the lowest real-estate tax, $525, which is nine times lower than in New Jersey, the state with the highest at $4,725.
Twenty-seven states levy some form of vehicle property tax. Of those states, Louisiana has the lowest, $24.33, which is 44 times lower than in Rhode Island, the state with the highest at $1,070.48.
Blue States have 19.84 percent higher real-estate property taxes, averaging $2,399, than Red States, averaging $2,002.
To read the full report and see where Mid-South states rank, click here.