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The common American family shells out $2,869 yearly on property taxes, in response to the U.S. Census Bureau.
However relying on the place householders dwell, property taxes might be a lot increased or significantly decrease, a latest research from the non-public finance web site WalletHub discovered.
These taxes go into state and native authorities coffers. And college districts, counties, municipalities and townships also can gather property taxes.
To search out out the place property taxes are highest and lowest, WalletHub in contrast the 50 states and the District of Columbia through the use of U.S. Census Bureau information to find out actual property property tax charges. Researchers divided the median actual property tax fee by the median house value in every state.
They then used the ensuing charges to acquire the greenback quantity paid as actual property tax on a home value $281,900, which the Census Bureau reported was the median worth for a U.S. house as of 2022.
See the accompanying gallery for the 12 states with the best property taxes, in response to WalletHub.
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