Markets & Economy

Study: New Jersey homeowners pay highest property taxes

US households shell out average of $2,089 annually

On average, homeowners in New Jersey, Illinois and New Hampshire pay the highest property taxes in the U.S., according to a property tax study from WalletHub. U.S. households pay an average of $2,089 in annual property taxes, the survey showed. States with highest real estate tax State Average real estate tax New Jersey $3,971 Illinois $3,939 New Hampshire $3,649 Wisconsin $3,398 Texas $3,327 Connecticut $3,301 Nebraska $3,228 Michigan $3,168 Vermont $2,934 Source: WalletHub States (including Washington, D.C.) with lowest real estate tax State Average real estate tax Hawaii $482 Alabama $752 Louisiana $832 Delaware $917 South Carolina $984 Washington, D.C. $1,001 West Virginia $1,015 Arkansas $1,068 Wyoming $1,069 Source: WalletHub WalletHub determined real estate property taxes by dividing the median real estate tax payment in a state b...

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