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 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 (1^st=Lowest; 25^th=Avg.):

• Real-Estate Property Tax Rank: 51^st
• Vehicle Property Tax Rank: 1^st
• 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

  

  Source: WalletHub