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…
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: $0
Real-Estate Property Tax Rates by State
- Effective Real-Estate Tax Rate (%)
- Annual Taxes on Home Priced at State Median Value ($)
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
