Where does Virginia rank on lists of states with highest, lowest property taxes?

tax-newThe average American household spends $2,089 on real estate property taxes each year, and residents of the 27 states with vehicle property taxes shell out another $423. Roughly $15 billion worth of homes are also foreclosed upon as a result of property tax delinquencies each year, according to the National Tax Lien Association.

With that in mind, the personal finance website WalletHub today released a report on the States with the Highest & Lowest Property Taxes in 2015, which compares home and vehicle taxes across the country and features insights from a panel of leading experts. A few highlights can be found below.

Highest Real Estate TaxesHighest Vehicle Property Taxes
43Vermont ($2,934)43South Carolina ($416)
44Michigan ($3,168)44Massachusetts ($517)
45Nebraska ($3,228)45Maine ($551)
46Connecticut ($3,301)46Missouri ($595)
47Texas ($3,327)47Connecticut ($630)
48Wisconsin ($3,398)48Mississippi ($743)
49New Hampshire ($3,649)49Kansas ($905)
50Illinois ($3,939)50Virginia ($962)
51New Jersey ($3,971)51Rhode Island ($1,133)

Key Stats

  • Real estate taxes are 8-times higher in New Jersey than in Hawaii.
  • 27 states levy some sort of vehicle property tax. Such taxes are 13-times higher in Rhode Island than in Montana.
  • Real estate property taxes in the average Blue State ($2,250) are 39% higher than those in the average Red State ($1,613).

For the full report and to see where your state ranks, please visit:
http://wallethub.com/edu/states-with-the-highest-and-lowest-property-taxes/11585/

uva basketball team of destiny
Team of Destiny: Inside Virginia Basketball’s Run to the 2019 National Championship, by Jerry Ratcliffe and Chris Graham, is now available at a special pre-sale discounted price of $20. The book is expected to ship by June 10, 2019, and will retail for $25.
Pre-order for $20: click here.


The book, with additional reporting by Zach Pereles, Scott Ratcliffe and Scott German, will take you from the aftermath of the stunning first-round loss to UMBC in 2018, and how coach Tony Bennett and his team used that loss as the source of strength, through to the ACC regular-season championship, the run to the Final Four, and the thrilling overtime win over Texas Tech to win the 2019 national title, the first in school history.
 
augusta free press

Related Content

Shop Google


Comments

%d bloggers like this: