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Where Does Your State Rank for Real Estate Property Taxes?

March 9, 2017

RISMEDIA, Friday, March 03, 2017— Did you know the average American household spends more than $2,000 on real estate property taxes every year? WalletHub recently ranked each state and the District of Columbia based on real estate property taxes, identifying the highest in:
 
51. New Jersey
Effective Real Estate Tax Rate: 2.35 percent
Annual Taxes on State Median-Priced Home: $7,410 (on $315,900)
 
50. Illinois
Effective Real Estate Tax Rate: 2.30 percent
Annual Taxes on State Median-Priced Home: $3,995 (on $173,800)
 
49. New Hampshire
Effective Real Estate Tax Rate: 2.15 percent
Annual Taxes on State Median-Priced Home: $5,100 (on $237,300)
 
48. Connecticut
Effective Real Estate Tax Rate: 1.97 percent
Annual Taxes on State Median-Priced Home: $5,327 (on $270,500)
 
47. Wisconsin
Effective Real Estate Tax Rate: 1.96 percent
Annual Taxes on State Median-Priced Home: $3,248 (on $165,800)
 
The lowest:
 
1. Hawaii
Effective Real Estate Tax Rate: 0.27 percent
Annual Taxes on State Median-Priced Home: $1,406 (on $515,300)
 
2. Alabama
Effective Real Estate Tax Rate: 0.43 percent
Annual Taxes on State Median-Priced Home: $543 (on $125,500)
 
3. Louisiana
Effective Real Estate Tax Rate: 0.49 percent
Annual Taxes on State Median-Priced Home: $707 (on $144,100)
 
4. Delaware
Effective Real Estate Tax Rate: 0.54 percent
Annual Taxes on State Median-Priced Home: $1,243 (on $231,500)
 
5. District of Columbia
Effective Real Estate Tax Rate: 0.56 percent
Annual Taxes on State Median-Priced Home: $2,665 (on $475,800)
 
View your state's ranking here.
 
Source: WalletHub

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