5 States With Highest, Lowest Property Taxes From New Jersey to Hawaii By Newser Editors, Newser Staff Posted Feb 10, 2016 9:00 AM CST 37 comments Comments Hawaii, where the homes are pricey but the property taxes relatively low. (Shutterstock) (Newser) – You could likely tick off many, many differences between Hawaii and New Jersey, but 24/7 WallSt has identified perhaps the wonkiest of them all: property taxes. The site crunched the numbers on what people pay in each state as a percentage of home value and found that Jersey residents pay the highest effective rate at 2.38%, while those in Hawaii pay the lowest at 0.28%. The top and lowest five: Highest: New Jersey, 2.38%; Illinois, 2.32%; New Hampshire, 2.15%; Connecticut, 1.98%; and Wisconsin, 1.96% Lowest: Hawaii, 0.28%; Alabama, 0.43%; Louisiana, 0.51%; Delaware, 0.55%, and South Carolina, 0.57%. Click to see the full rankings, which note that the typical home in Hawaii is valued at $528,000, which helps explain the relatively low rate.