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South Dakota on the higher end in real estate property tax report

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: 

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