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|
- 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: