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States With the Highest Property Taxes

Gabrielle Olya

In some states, the average property tax rate is over 2 percent — which might not seem like a lot, but because of the high cost of real estate in some states, that amount can really add up.

To determine the states with the highest property taxes, GOBankingRates looked at the property tax rates by state and each state’s median home value to determine how much the average resident is actually paying in property taxes. Click through to see the least tax-friendly states for property owners.

In some states, the average property tax rate is over 2 percent — which might not seem like a lot, but because of the high cost of real estate in some states, that amount can really add up.

To determine the states with the highest property taxes, GOBankingRates looked at the property tax rates by state and each state’s median home value to determine how much the average resident is actually paying in property taxes. Click through to see the least tax-friendly states for property owners.

10. California

  • Average state property tax rate: 0.813 percent
  • Median real estate taxes paid: $3,237

California is actually one of the states with the lowest property tax rates, but it has the second-most expensive homes of all the states, so residents end up paying the 10th-highest property taxes by state on average. The median home value in the Golden State is $539,800.

9. Wisconsin

  • Average state property tax rate: 1.969 percent
  • Median real estate taxes paid: $3,257

Wisconsin is one of the states with the highest property tax rates. Even though the median home value there is $178,600, which is on the lower end, a high tax rate means residents pay over $3,000 in real estate property taxes on average.

8. Vermont

  • Average state property tax rate: 1.719 percent
  • Median real estate taxes paid: $3,893

Vermont’s property tax rate is the ninth-highest of all the states. Coupled with a median home value of $195,000, residents end up paying nearly $4,000 in property taxes on average. The high property tax rate makes Vermont one of the states where Americans pay the most in taxes.

7. Rhode Island

  • Average state property tax rate: 1.610 percent
  • Median real estate taxes paid: $3,929

The median home value in Rhode Island is $276,000, which is among the highest of all the states. And its property taxes are the 10th-highest, so residents can get hit hard with how much they end up having to pay.

6. Illinois

  • Average state property tax rate: 2.253 percent
  • Median real estate taxes paid: $4,058

Illinois’ median home value is $174,300 — which is well below the national median. But the state’s property tax rate is the second-highest in the country.

5. Massachusetts

  • Average state property tax rate: 1.181 percent
  • Median real estate taxes paid: $4,132

Massachusetts has the third-highest median home value of all the states — $398,300 — so even though its property tax rate isn’t among the highest, the amount residents end up paying is.

4. New York

  • Average state property tax rate: 1.578 percent
  • Median real estate taxes paid: $4,738

New York’s property tax rate and home prices are both among the highest in the U.S. The median home value in the Empire State is $282,100.

Click to See: The Most (and Least) Tax-Friendly Major Cities in America

3. New Hampshire

  • Average state property tax rate: 2.104 percent
  • Median real estate taxes paid: $5,241

New Hampshire’s state property tax rate is the third-highest in the country, and its median home value — $266,100 — is also on the higher end compared to other states.

2. Connecticut

  • Average state property tax rate: 1.910 percent
  • Median real estate taxes paid: $5,443

Connecticut’s property tax rate is the sixth-highest of all the states. And its median home value is among the highest in the U.S. at $240,300.

1. New Jersey

  • Average state property tax rate: 2.293 percent
  • Median real estate taxes paid: $7,601

New Jersey tops the list of states with the worst property taxes. It has the highest state property tax rate and the seventh-highest median home value in the country, so residents end up paying more in property taxes here than any other state in the U.S. The median home value in the Garden State is $318,300.

These States Pay the Most in Property Taxes

Many of the states that pay the highest amount in property taxes on average also have the highest property tax rates — but not all do. Median home value also plays a significant role in the total amount of property taxes paid.

The states that are in the top 10 for highest property tax rates that also pay the highest dollar amount in real estate taxes are New Jersey, Illinois, New Hampshire, Wisconsin, Connecticut, Vermont and Rhode Island.

Here’s the overall top 10 ranking of states that pay the most in property taxes:

  1. New Jersey
  2. Connecticut
  3. New Hampshire
  4. New York
  5. Massachusetts
  6. Illinois
  7. Rhode Island
  8. Vermont
  9. Wisconsin
  10. California

Click through to find out the states with the lowest tax bills.

More on Taxes

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Methodology: GOBankingRates found the states with the highest property taxes by finding the standing average property tax rate for every state and distinguishing which states have the highest rates. States are ranked based on the highest property tax dollar amount paid to lowest property tax dollar amount paid. The standing average property tax rate for every state was sourced from SmartAsset.

 

This article originally appeared on GOBankingRates.com: States With the Highest Property Taxes