AgentIndustry News

Which states have the highest property taxes?

WalletHub analysis reveals where homeowners are spending the most on this expense
Published on Mar 8, 2016
  • Property taxes vary across state lines and may affect whether homeowners can afford to buy or even rent in a given area.
  • A recent analysis by WalletHub determined that the average American pays $2,127 in property taxes per year.
  • In 2016, the states with the highest property taxes are New Jersey, Illinois and New Hampshire. In comparison, Hawaii, Alabama and Louisiana have the lowest real estate tax rates.

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by CareyBot

For the average person deciding where to buy or rent a home, the process is far less romantic than throwing a dart at a map. A slew of factors make certain locales more or less attractive places to live -- weather, culture and quality of local schools to name a few -- plus all those elements that demand you loosen your purse strings. One often-overlooked piece of the moving puzzle is property taxes, a financial obligation that varies significantly across state lines ...

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