NJ ranked worst for real estate property taxes

An exit sign is seen on the New Jersey Turnpike on August 29, 2019 in Newark, New Jersey. (Photo by Gary Hershorn/Getty Images)

New Jersey is ranked worst in the country when it comes to real estate property taxes and it isn't even close.

According to a new report, the average annual median property tax in the Garden State is $8,104 for an effective real estate tax rate of 2.47%.  The second worst is Illinois with a 2.30% rate but the median property tax there is only $4,299.

The New England states of New Hampshire and Connecticut along with Wisconsin, round out the five worst in the nation, according to WalletHub.  New York was ninth-worst on the list.

The survey found that if you want to pay lower property taxes, you should move to a state that voted Republican in the last presidential election.

The average rank of a red state is 24.23 while the average rank of a blue state is 28.52.

The average American household spends $2,375 on property taxes for their homes each year, according to the U.S. Census Bureau.


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