Where Does Your State Rank for Real Estate Property Taxes?
RISMEDIA, Friday, March 03, 2017— Did you know the average American household spends more than $2,000 on real estate property taxes every year? WalletHub recently ranked each state and the District of Columbia based on real estate property taxes, identifying the highest in: 51. New Jersey Effective Real Estate Tax Rate: 2.35 percent Annual Taxes on State Median-Priced Home: $7,410 (on $315,900) 50. Illinois Effective Real Estate Tax Rate: 2.30 percent Annual Taxes on State Median-Priced Home: $3,995 (on $173,800) 49. New Hampshire Effective Real Estate Tax Rate: 2.15 percent Annual Taxes on State Median-Priced Home: $5,100 (on $237,300) 48. Connecticut Effective Real Estate Tax Rate: 1.97 percent Annual Taxes on State Median-Priced Home: $5,327 (on $270,500) 47. Wisconsin Effective Real Estate Tax Rate: 1.96 percent Annual Taxes on State Median-Priced Home: $3,248 (on $165,800) The lowest: 1. Hawaii Effective Real Estate Tax Rate: 0.27 percent Annual Taxes on State Median-Priced Home: $1,406 (on $515,300) 2. Alabama Effective Real Estate Tax Rate: 0.43 percent Annual Taxes on State Median-Priced Home: $543 (on $125,500) 3. Louisiana Effective Real Estate Tax Rate: 0.49 percent Annual Taxes on State Median-Priced Home: $707 (on $144,100) 4. Delaware Effective Real Estate Tax Rate: 0.54 percent Annual Taxes on State Median-Priced Home: $1,243 (on $231,500) 5. District of Columbia Effective Real Estate Tax Rate: 0.56 percent Annual Taxes on State Median-Priced Home: $2,665 (on $475,800) View your state's ranking here. Source: WalletHub