Counties With the Highest Property Taxes
The price of a home may be the most important factor for you when buying a home and choosing a place to live, but there is another important metric that you shouldn’t neglect either: the property tax rate.
Some states and counties charge more than others, as shown in the RealtyTrac map above, and they can make a huge difference to your budget. Let’s compare the highest and lowest average property taxes for single-family homes:
The states with the highest average dollar real estate taxes for single-family homes were New York ($ 15,625), New Jersey ($ 8,108), New Hampshire ($ 5,795), Connecticut ($ 5,646). ) and Hawaii ($ 5,024).
The states with the lowest average dollar real estate taxes for single-family homes were Alabama ($ 618), West Virginia ($ 931), New Mexico ($ 1,096), Tennessee ($ 1,116), and Indiana ($ 1,418).
Follow the link below to open an interactive map where you can hover over these red areas to find out more. If you are lucky enough to live in one of them, this is a good reason to consider filing property taxes every year.
Property tax rates are highest for homeowners who have owned luxury or low-cost homes for five to 15 years | RealtyTrac