Each year, the average American household spends $2,869 on real-estate property taxes plus another $448 for residents of the 26 states with vehicle property taxes.
In order to determine who pays the most relative to their state, the personal-finance website WalletHub today released its Property Taxes by State in 2024 report, as well as expert commentary. The report compares home and vehicle taxes across the nation.
States with Highest Real-Estate Taxes | States with Highest Vehicle Property Taxes |
42. Iowa | T-42. New Hampshire |
43. Nebraska | T-42. Wyoming |
44. Wisconsin | 44. Kansas |
45. Texas | 45. Connecticut |
46. New York | 46. Massachusetts |
47. Vermont | 47. Maine |
48. New Hampshire | 48. Missouri |
49. Connecticut | 49. South Carolina |
50. Illinois | 50. Mississippi |
51. New Jersey | 51. Virginia |
Key Stats:
- Hawaii has the lowest real-estate tax, which is 8.7 times lower than in New Jersey, the state with the highest.
- Twenty-six states levy some form of vehicle property tax. Of those states, Louisiana has the lowest, which is 40.4 times lower than in Virginia, the state with the highest.
- Blue States have 29.17 percent higher real-estate property taxes, averaging $3,208, than Red States, averaging $2,483.