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

Sign me up for the WRAT email newsletter!

Join ClubRAT for access to all the perks delivered right to your inbox from Jersey's Concert Connection! Get exclusive presale codes for upcoming shows, the latest updates with your favorite rockers, contest info, and more.

First Name *

Last Name

Email *

Subscribe

By clicking "Subscribe" I agree to the website's terms of Service and Privacy Policy. I understand I can unsubscribe at any time.