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New Jersey Is 2022’s State With The Highest Real-Estate Property Taxes

WalletHub has released its 2022’s Property Taxes by State. New Jersey was ranked as the state with the highest real-estate property taxes for 2022. The personal finance website’s report compares…

Aerial of Maplewood New Jersey
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WalletHub has released its 2022’s Property Taxes by State. New Jersey was ranked as the state with the highest real-estate property taxes for 2022.

The personal finance website's report compares home and vehicle taxes across the nation and features insights from a panel of experts.

WalletHub analyzed the 50 states and the District of Columbia in terms of real-estate and vehicle property taxes. Scroll below to view the full list.

Property Taxes in New Jersey (1st=Lowest; 25th=Avg.):

  • Real-Estate Property Tax Rank: 51st
  • Vehicle Property Tax Rank: 1st
  • Real-Estate Tax on Median State Home Value: $8,362
  • Real-Estate Tax on Median U.S. Home Value: $5,419
  • Vehicle Property Tax on Best-Selling Car: $0

Source: WalletHub

Real-Estate Property Tax Rates by State

  • Effective Real-Estate Tax Rate (%)
  • Annual Taxes on Home Priced at State Median Value ($)

Click here to view the WalletHub 2022 study.

1. New Jersey

2.49%
$8,362

2. Illinois

2.27%
$4,419

3. New Hampshire

2.18%
$5,701

4. Connecticut

2.14%
$5,898

5. Vermont

1.90%
$4,329

6. Wisconsin

1.85%
$3,344

7. Texas

1.80%
$3,099

8. Nebraska

1.73%
$2,689

9. New York

1.72%
$5,407

10. Rhode Island

1.63%
$4,272

11. Pennsylvania

1.58%
$2,852

12. Iowa

1.57%
$2,315

13. Ohio

1.56%
$2,271

14. Michigan

1.54%
$2,381

15. Kansas

1.41%
$2,137

16. Maine

1.36%
$2,585

17. South Dakota

1.31%
$2,195

18. Massachusetts

1.23%
$4,679

19. Alaska

1.19%
$3,231

20. Minnesota

1.12%
$2,500

21. Maryland

1.09%
$3,430

22. North Dakota

0.98%
$1,906

23. Washington

0.98%
$3,326

24. Missouri

0.97%
$1,526

25. Oregon

0.97%
$3,037

26. Georgia

0.92%
$1,623

27. Oklahoma

0.90%
$1,228

28. Florida

0.89%
$1,914

29. Kentucky

0.86%
$1,210

30. Indiana

0.85%
$1,207

31. North Carolina

0.84%
$1,454

32. Montana

0.84%
$1,928

33. Virginia

0.82%
$2,234

34. Mississippi

0.81%
$958

35. New Mexico

0.80%
$1,371

36. California

0.76%
$3,818

37. Tennessee

0.71%
$1,190

38. Idaho

0.69%
$1,456

39. Arizona

0.66%
$1,499

40. Utah

0.63%
$1,748

41. Arkansas

0.62%
$798

42. Wyoming

0.61%
$1,337

43. Nevada

0.60%
$1,614

44. West Virginia

0.58%
$698

45. South Carolina

0.57%
$924

46. Delaware

0.57%
$1,431

47. District of Columbia

0.56%
$3,378

48. Louisiana

0.55%
$890

49. Colorado

0.51%
$1,756

50. Alabama

0.41%
$587

51. Hawaii

0.28%
$1,715

Changes to Real-Estate Tax Rates Over Time

rankings 2010 2019 real estate tax states
Source: WalletHub