WALLETHUB News:Each year, the average American household spends $2,149 on real-estate property taxes plus another $402 for residents of the 27 states with vehicle property taxes.
With such high costs, it’s no surprise that about $11.8 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 2017 Property Taxes by State report, which compares home and vehicle taxes across the nation and features insights from a panel of experts.
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States with Highest Real-Estate Taxes
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States with Highest Vehicle Property Taxes
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41
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New York
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T-41
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Kansas
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42
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Rhode Island
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T-41
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New Hampshire
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43
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Vermont
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T-41
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Wyoming
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44
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Michigan
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44
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Missouri
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45
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Nebraska
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45
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Massachusetts
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46
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Texas
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46
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South Carolina
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47
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Wisconsin
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47
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Maine
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48
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Connecticut
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48
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Connecticut
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49
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New Hampshire
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49
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Mississippi
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50
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Illinois
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50
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Virginia
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51
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New Jersey
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51
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Rhode Island
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Key Stats:
Hawaii has the lowest real-estate tax, $487, which is 8.6 times lower than in New Jersey, the state with the highest at $4,189.
Twenty-seven states levy some form of vehicle property tax. Of those states, Louisiana has the lowest, $23.05, which is 47.7 times lower than in Rhode Island, the state with the highest at $1,099.53.
Blue States have 17 percent higher real-estate property taxes, averaging $2,200, than Red States, averaging $1,876.
To view the full report and your state or the District’s rank, please visit:
https://wallethub.com/edu/states-with-the-highest-and-lowest-property-taxes/11585/