Each year, the average American household spends $2,471 on real-estate property taxes plus another $442 for residents of the 27 states with vehicle property taxes. With such high costs, it’s no surprise that more than $14 billion in property taxes go unpaid each year, according to the National Tax Lien Association.
In order to determine who pays the most relative to their state, the personal-finance website WalletHub today released its 2021’s Property Taxes by State report, as well as accompanying videos, which compares home and vehicle taxes across the nation and features insights from a panel of experts.
States with Highest Real-Estate Taxes | States with Highest Vehicle Property Taxes |
43. New York | 43. Kansas |
44. Nebraska | 44. Massachusetts |
45. Texas | 45. South Carolina |
46. Wisconsin | 46. Maine |
47. Vermont | 47. Connecticut |
48. Connecticut | 48. Missouri |
49. New Hampshire | 49. Rhode Island |
50. Illinois | 50. Mississippi |
51. New Jersey | 51. Virginia |
Key Stats:
- Hawaii has the lowest real-estate tax, $606, which is 8.9 times lower than in New Jersey, the state with the highest at $5,419.
- Twenty-seven states levy some form of vehicle property tax. Of those states, Louisiana has the lowest, $25, which is 40.5 times lower than in Virginia, the state with the highest at $1,012.
- Blue States have 31.12 percent higher real-estate property taxes, averaging $2,722, than Red States, averaging $2,076.