UNDATED – Each year, the average American household spends $2,375 on real-estate property taxes plus another $441 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 2020 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.
South Dakota ranks 35th, where its effective real estate tax rate is 1.32-percent. South Dakota’s real estate tax is $2,706 — compared to the nation’s lowerst — $560 in Hawaii.
| States with Highest Real-Estate Taxes | States with Highest Vehicle Property Taxes |
| 43. New York | 43. Kansas |
| 44. Nebraska | 44. Massachusetts |
| 45. Texas | T-45. Maine |
| 46. Vermont | T-45. South Carolina |
| 47. Wisconsin | 47. Missouri |
| 48. Connecticut | 48. Connecticut |
| 49. New Hampshire | 49. Rhode Island |
| 50. Illinois | 50. Mississippi |
| 51. New Jersey | 51. Virginia |
Key Stats:
- Hawaii has the lowest real-estate tax, $560, which is nine times lower than in New Jersey, the state with the highest at $5,064.
- Twenty-seven states levy some form of vehicle property tax. Of those states, Louisiana has the lowest, $24.95, which is 40.5 times lower than in Virginia, the state with the highest at $1,011.22.
- Blue States have 21.12 percent higher real-estate property taxes, averaging $2,542, than Red States, averaging $2,099.
To view the full report and your state or the District’s rank, please visit:
https://wallethub.com/edu/
