{"id":1538,"date":"2017-03-03T00:00:00","date_gmt":"2017-03-03T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/how-do-your-property-taxes-stack-up\/"},"modified":"2017-03-03T00:00:00","modified_gmt":"2017-03-03T00:00:00","slug":"how-do-your-property-taxes-stack-up","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/how-do-your-property-taxes-stack-up\/","title":{"rendered":"How Do Your Property Taxes Stack Up?"},"content":{"rendered":"

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The average American household spends $2,149 on property taxes for their homes each year, according to U.S. Census data. But depending on where you live, that can vary drastically.<\/p>\n\n

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Read more<\/strong>: Questions to Ask About Property Tax<\/span><\/p>\n<\/blockquote>\n\n

For the third consecutive year, New Jersey ranks as having the highest property taxes in the nation, according to a new report released by WalletHub. Its effective tax rate of 2.35 percent means homeowners there pay about $7,410 annually on a $316,000 home, the median sales price in the state.<\/p>\n\n

On the other hand, Hawaii has the lowest property taxes in the nation. At just a 0.27 percent effective tax rate, annual taxes on a median price home in Hawaii at $515,300 comes to about $1,406 a year.<\/p>\n\n

WalletHub\u2019s research team culled Census data on real estate<\/a> property taxes in analyzing all 50 states and the District of Columbia. It divided the median annual property tax payment for the state by the state\u2019s median home price<\/a>.<\/p>\n\n

The five states with the lowest property taxes (based on the effective real estate<\/a> tax rate):<\/p>\n\n

  1. Hawaii<\/li>\n\t
  2. Alabama<\/li>\n\t
  3. Louisiana<\/li>\n\t
  4. Delaware<\/li>\n\t
  5. District of Columbia<\/li>\n<\/ol>

    The five states with the highest property taxes (also based on the effective tax rate):<\/p>\n\n

    1. New Jersey<\/li>\n\t
    2. Illinois<\/li>\n\t
    3. New Hampshire<\/li>\n\t
    4. Connecticut<\/li>\n\t
    5. Wisconsin<\/li>\n<\/ol>

      View the property tax ranking of your state.<\/p>\n\n\n\n\n\n

      \u200b<\/p>\n\n

      Source: \u201c2017\u2019s Property Taxes by State,\u201d WalletHub (March 1, 2017)<\/em><\/p>\n<\/div>\n \n \n<\/pre>\n\n<\/div>\n\n\n
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       link <\/a>\n<\/p>\n","protected":false},"excerpt":{"rendered":"

      [ad_1] The average American household spends $2,149 on property taxes for their homes each year, according … How Do Your Property Taxes Stack Up?<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":1539,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[4751,518,12908,543,627,127,617,1007,41,818,84,1262],"class_list":["post-1538","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-amazing","tag-america","tag-home","tag-home-buying-guide","tag-homeowners","tag-homes","tag-house","tag-owners","tag-property","tag-real","tag-real-estate","tag-taxes"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/SkgOCD8jbeA","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":7551,"url":"https:\/\/amazingproperty.com.ng\/blog\/the-new-tax-plan-when-it-comes-to-real-estate-who-wins-and-who-loses\/","url_meta":{"origin":1538,"position":0},"title":"The New Tax Plan: When It Comes To Real Estate, Who Wins And Who Loses?","author":"Amazing Property","date":"December 20, 2017","format":false,"excerpt":"We have all heard a lot about the new tax plan, which was approved and sent to President Trump to be signed on Wednesday, Dec. 20. Depending on where your politics lie and your individual financial situation, you may have a positive or negative take on the tax bill. But\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Ea8be6db04acd7e2e2b3da17284d9c54 S.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/12\/ea8be6db04acd7e2e2b3da17284d9c54_S.jpg?fit=424%2C279&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":8042,"url":"https:\/\/amazingproperty.com.ng\/blog\/portability-initiative-is-designed-to-help-55-and-over-to-sell-their-homes-and-buy-another\/","url_meta":{"origin":1538,"position":1},"title":"Portability Initiative Is Designed To Help 55 and Over To Sell Their Homes And Buy Another","author":"Amazing Property","date":"February 5, 2018","format":false,"excerpt":"The California Association of REALTORS\u00ae (CAR) is attempting to qualify a ballot initiative, The Property Tax Fairness Initiative, that will restructure the way property taxes are calculated for buyers over the age of 55 (and also the disabled and\/or natural disaster victims). In many cases REALTORS\u00ae are already circulating petitions\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"73f7217cc9898350cdbc7e0c29163615 S.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/73f7217cc9898350cdbc7e0c29163615_S.jpg?fit=424%2C282&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":3100,"url":"https:\/\/amazingproperty.com.ng\/blog\/10-states-with-highest-property-tax-rates\/","url_meta":{"origin":1538,"position":2},"title":"10 States With Highest Property Tax Rates","author":"Amazing Property","date":"April 6, 2017","format":false,"excerpt":"The average annual property tax in the U.S. was $3,296 in 2016, with an effective tax rate of 1.15 percent, according to a new report released by ATTOM Data Solutions. The report encompasses a 2016 property tax analysis of more than 84 million single-family homes. 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As you calculate your tax returns, be careful not to commit any of these nine home-related tax mistakes,\u2026","rel":"","context":"In "Property owner"","block_context":{"text":"Property owner","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/property-owner\/"},"img":{"alt_text":"Taxes","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/Screen-Shot-2017-02-02-at-2.06.30-PM.jpg?fit=614%2C375&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/Screen-Shot-2017-02-02-at-2.06.30-PM.jpg?fit=614%2C375&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/Screen-Shot-2017-02-02-at-2.06.30-PM.jpg?fit=614%2C375&ssl=1&resize=525%2C300 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/1538","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=1538"}],"version-history":[{"count":1,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/1538\/revisions"}],"predecessor-version":[{"id":90716,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/1538\/revisions\/90716"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/1539"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=1538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=1538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=1538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}