NJ and Hawaii: Thousands Apart, in Miles, Property Taxes

Garden State has highest US property taxes, Aloha State the lowest, based on median home value
By Jenn Gidman,  Newser Staff
Posted Feb 26, 2019 8:43 AM CST
10 States With Highest, Lowest Property Taxes
How much of a bite your property tax bill takes on your wallet depends on what state you liv in.   (Getty Images/irina88w)

What do Hawaii and New Jersey have in common? Probably not much, but especially when it comes to property taxes, per WalletHub, which says what you pay on your real estate can range from a "small inconvenience" to a "major burden." The Aloha State falls under the former's umbrella, designated as the state with the lowest property taxes, per the site's analysis of US Census Bureau data on real estate taxes and median home values. The Garden State, meanwhile, is the highest-taxed state in the land. Here, the top nine other states that deplete homeowners' wallets:

  1. New Jersey: 2.44% effective tax rate, $321,100 median home value, $7,840 annual taxes on home priced at median home value
  2. Illinois: 2.31%, $179,700, $4,157
  3. New Hampshire: 2.20%, $244,900, $5,388
  4. Connecticut: 2.07%, $270,100, $5,582
  5. Wisconsin: 1.94%, $169,300, $3,286
  6. Vermont: 1.83%, $220,600, $4,040
  7. Texas: 1.83%, $151,500, $2,775
  8. Nebraska: 1.80%, $142,400, $2,565
  9. New York: 1.68%, $293,000, $4,915
  10. Rhode Island: 1.66%, $242,200, $4,013
Read on for the states with the lowest property taxes.

  1. Hawaii: .27% effective tax rate, $563,900 median home value, $1,529 annual taxes on home priced at median home value
  2. Alabama: .42%, $132,100, $558
  3. Louisiana: .52%, $152,900, $795
  4. Colorado: .55%, $286,100, $1,575
  5. District of Columbia: .55%, $537,400, $2,930
  6. Delaware: .56%, $238,600, $1,329
  7. South Carolina: .57%, $148,600, $851
  8. West Virginia: .59%, $111,600, $653
  9. Wyoming: .61%, $204,900, $1,256
  10. Arkansas: .63%, $118,500, $743
Find out here how much your state demands. (Check out the 10 most and least valuable states.)

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