Each year, the average American household spends $2,279 on real-estate property taxes plus another $440 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 2019 Property Taxes by Statereport as well as accompanying videos, which compares home and vehicle taxes across the nation and features insights from a panel of experts.
Property Taxes in Connecticut (1st=Lowest; 25th=Avg.):
- Real-Estate Property Tax Rank: 48th
- Vehicle Property Tax Rank: 47th
- Real-Estate Tax on Median State Home Value: $5,582
- Real-Estate Tax on Median U.S. Home Value: $3,999
- Vehicle Property Tax on Best-Selling Car: $631.60
For the full report, please visit:
https://wallethub.com/edu/states-with-the-highest-and-lowest-property-taxes/11585/
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