2024’s Property Taxes by State – WalletHub Study

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.