Compare Property Tax Rates in Each State
If you're about to inherit a giant mansion from a deceased relative, you might want to check out this map to see how much the taxes are going to set you back. Washington D.C.-based research company The Tax Foundation started crunching the numbers to see which states have the highest and lowest property tax. The map “cuts through this clutter, presenting effective tax rates on owner-occupied housing,” writes Jared Walczak, a policy analyst at the Tax Foundation. The numbers reflect the average property tax paid in each state, as a percent of the value of the property. As you can see, New Jersey has the highest at 2.38 percent and Hawaii has the lowest at 0.28 percent. How does your state stack up?
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