Highest Property Tax States are in the Northeast

Filed in Economics by on January 30, 2017 0 Comments

New Jersey still leads the nation with the highest average annual real estate tax (RET) bill of $8,180 — $7,528 more than RETs paid by Alabama’s home owners, according to the 2015 American Community Survey.

The overall distribution remained roughly unchanged since 2014, as the composition of the top and bottom 10 states remained the same. The map below clearly illustrates that the highest property tax states are found in the Northeast while—with the exception of Texas—southern states boast the lowest RET bills for their resident home owners.

NAHB economist David Logan provides further analysis on state property tax rates in this Eye on Housing blog post.

Facebooktwitterlinkedinmail

Leave a Reply

Your email address will not be published. Required fields are marked *