For The Locals

For The Locals

For The Locals

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

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