Thursday, April 30, 2015

The highest, and the lowest, property tax rates in the U.S.



Higher-end homes accounted for more than half of all property tax dollars nationwide. Single-family homes valued $300,000 and higher comprised 25 percent of all single-family homes nationwide, but the property taxes paid on those homes accounted for 54 percent of all property taxes collected nationwide.

The following states had the highest average property taxes in dollars for single-family homes
  • New York: $15,625
  • New Jersey: $8,108
  • New Hampshire: $5,795
  • Connecticut: $5,646
  • Hawaii: $5,024
On the other hand, the states with the lowest average property taxes in dollars for single-family homes are:
  • Alabama: $618
  • West Virginia: $931
  • New Mexico: $1,096
  • Tennessee: $1,116
  • Indiana: $1,418

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