WalletHub Report: States with the Highest & Lowest Property Taxes

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The average American household spends $2,089 on real estate property taxes each year, and residents of the 27 states with vehicle property taxes shell out another $423. Roughly $15 billion-worth of homes are also foreclosed upon as a result of property tax delinquencies each year, according to the National Tax Lien Association.

With that in mind, the personal finance website WalletHub today released a report on the States with the Highest & Lowest Property Taxes in 2015, which compares home and vehicle taxes across the country and features insights from a panel of leading experts. A few highlights can be found below.

Highest Real Estate Taxes Highest Vehicle Property Taxes
43 Vermont ($2,934) 43 South Carolina ($416)
44 Michigan ($3,168) 44 Massachusetts ($517)
45 Nebraska ($3,228) 45 Maine ($551)
46 Connecticut ($3,301) 46 Missouri ($595)
47 Texas ($3,327) 47 Connecticut ($630)
48 Wisconsin ($3,398) 48 Mississippi ($743)
49 New Hampshire ($3,649) 49 Kansas ($905)
50 Illinois ($3,939) 50 Virginia ($962)
51 New Jersey ($3,971) 51 Rhode Island ($1,133)

Key Stats

  • Real estate taxes are 8-times higher in New Jersey than in Hawaii.
  • 27 states levy some sort of vehicle property tax. Such taxes are 13-times higher in Rhode Island than in Montana.
  • Real estate property taxes in the average Blue State ($2,250) are 39% higher than those in the average Red State ($1,613).

For the full report and to see where your state ranks, please visit:

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Editor of Don411.com Media website.
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