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NH ranked third highest for prop taxes, Maine 6th highest for vehicles

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Each year, the average American household spends $2,471 on real-estate property taxes plus another $442 for residents of the 27 states with vehicle property taxes. With such high costs, it's no surprise that more than $14 billion in property taxes go unpaid each year, according to the National Tax Lien Association.

In order to determine who pays the most relative to their state, the personal-finance website WalletHub today released its 2021's Property Taxes by State report, as well as accompanying videos, which compares home and vehicle taxes across the nation and features insights from a panel of experts.

States w/Highest Real-Estate Taxes States w/Highest Vehicle Prop Taxes
43. New York 43. Kansas
44. Nebraska 44. Massachusetts
45. Texas 45. South Carolina
46. Wisconsin 46. Maine
47. Vermont 47. Connecticut
48. Connecticut 48. Missouri
49. New Hampshire 49. Rhode Island
50. Illinois 50. Mississippi
51. New Jersey 51. Virginia


Key Stats:

  • Hawaii has the lowest real-estate tax, $606, which is 8.9 times lower than in New Jersey, the state with the highest at $5,419.
  • Twenty-seven states levy some form of vehicle property tax. Of those states, Louisiana has the lowest, $25, which is 40.5 times lower than in Virginia, the state with the highest at $1,012.
  • Blue States have 31.12 percent higher real-estate property taxes, averaging $2,722, than Red States, averaging $2,076.


To view the full report and your state's rank, please visit:
https://wallethub.com/edu/states-with-the-highest-and-lowest-property-taxes/11585


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