2021’s Property Taxes by State – WalletHub Study

2/23/21

Each year, the average American household spends $2,471 on real-estate property taxes plus another $442 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 2021’s 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.
States with Highest Real-Estate TaxesStates with Highest Vehicle Property Taxes
43. New York43. Kansas
44. Nebraska44. Massachusetts
45. Texas45. South Carolina
46. Wisconsin46. Maine
47. Vermont47. Connecticut
48. Connecticut48. Missouri
49. New Hampshire49. Rhode Island
50. Illinois50. Mississippi
51. New Jersey51. Virginia


Key Stats:

  • Hawaii has the lowest real-estate tax, $606, which is 8.9 times lower than in New Jersey, the state with the highest at $5,419.
  • Twenty-seven states levy some form of vehicle property tax. Of those states, Louisiana has the lowest, $25, which is 40.5 times lower than in Virginia, the state with the highest at $1,012.
  • Blue States have 31.12 percent higher real-estate property taxes, averaging $2,722, than Red States, averaging $2,076.


READ FULL ARTICLE HERE

Recent Deals

Interested in advertising your deals? Contact Edwin Warfield.

Connect with these Baltimore Professionals on LinkedIn

  • Edwin Warfield

    Editor in Chief, Warfield Digital

    Connect
  • Jean Halle

    Independent Consultant

    Connect
  • Larry Lichtenauer

    President of Lawrence Howard & Associates

    Connect
  • Newt Fowler

    Partner at Womble Carlyle, LLP

    Connect
  • David Crowley

    Owner at Develop DC

    Connect
  • Carolyn Stinson

    Stinson Marketing Group

    Connect