NJ ranked worst for real estate property taxes
NEW JERSEY - 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.