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
5 States With Highest, Lowest Property Taxes
Hawaii, where the homes are pricey but the property taxes relatively low.   (Shutterstock)

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. (Read more taxes stories.)

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