Saturday, September 24, 2016

Real Estate Taxes - Where Does YOUR State Rank?

Click on any state on the map. The smaller the number, the lower the property tax is in that state.
Bottom Line: New Jersey has the HIGHEST property taxes in the nation, by far!
Ranked #51, New Jersey's taxes are higher than 49 other states and the District of Columbia. What's more, New Jersey's effective property tax rate is ALSO the highest!
Why has New Jersey's state legislature taken NO action to reduce property taxes and why do they keep taxing and spending and raising our state debt?
The facts speak for themselves: New Jersey has been poorly served by our public officials in Trenton -- especially our DEMOCRAT-controlled legislature.

Source: WalletHub


Rank
State
Effective Real-Estate Tax Rate
Annual Taxes on $176K Home*
State Median Home Value
Annual Taxes on Home Priced at State Median Value
1Hawaii0.28%$489$504,500$1,405
2Alabama0.43%$764$123,800$538
3Louisiana0.48%$841$140,400$672
4Delaware0.53%$929$232,900$1,231
5District of Columbia0.57%$1,005$454,500$2,601
5South Carolina0.57%$1,009$137,600$790
7West Virginia0.59%$1,035$100,200$590
8Arkansas0.62%$1,088$108,700$673
8Colorado0.62%$1,097$239,400$1,495
8Wyoming0.62%$1,094$189,300$1,179
11Utah0.69%$1,210$212,500$1,463
12New Mexico0.72%$1,273$159,300$1,154
13Tennessee0.75%$1,314$139,900$1,046
14Idaho0.77%$1,354$160,500$1,237
15Mississippi0.78%$1,377$100,800$790
16Virginia0.80%$1,401$243,500$1,941
17California0.81%$1,429$371,400$3,021
18Kentucky0.84%$1,471$121,600$1,018
18Arizona0.84%$1,484$162,900$1,376
20North Carolina0.85%$1,502$153,600$1,313
21Oklahoma0.87%$1,525$115,000$998
21Montana0.87%$1,528$187,600$1,632
23Indiana0.88%$1,539$122,700$1,075
24Nevada0.92%$1,618$167,100$1,539
25Georgia0.96%$1,682$148,000$1,417
26Missouri1.00%$1,763$136,700$1,372
27Oregon1.08%$1,890$234,100$2,518
27Washington1.08%$1,903$257,200$2,785
27Maryland1.08%$1,906$287,500$3,118
30Florida1.10%$1,932$156,200$1,718
31Massachusetts1.18%$2,075$329,900$3,896
32Minnesota1.19%$2,091$185,200$2,204
33Alaska1.21%$2,124$246,300$2,978
34North Dakota1.22%$2,146$142,000$1,734
35Maine1.27%$2,233$173,600$2,206
36South Dakota1.36%$2,382$135,700$1,840
37Kansas1.41%$2,478$129,400$1,825
38Iowa1.47%$2,582$126,300$1,856
39Pennsylvania1.51%$2,647$164,900$2,484
40Ohio1.55%$2,729$129,600$2,013
41New York1.58%$2,773$283,700$4,478
42Rhode Island1.61%$2,829$241,200$3,883
43Vermont1.72%$3,021$216,200$3,717
44Michigan1.83%$3,220$120,200$2,203
45Nebraska1.88%$3,301$130,100$2,444
46Connecticut1.91%$3,357$274,500$5,244
47Texas1.93%$3,392$131,400$2,537
48Wisconsin1.97%$3,459$165,900$3,266
49New Hampshire2.10%$3,698$237,400$4,996
50Illinois2.25%$3,959$175,700$3,959
51New Jersey2.29%$4,029$319,900$7,335

*$175,700 is the median home value in the U.S.


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