States with the Highest Property Taxes 2023

Are you wondering which states have the highest property taxes? The majority of the states with the highest property taxes are states from the Northeast, with New England states standing out as states with high real estate taxes. 

A few states from the Midwest also make the list due to their high real estate taxes.

Interestingly, with Texas as the only state in the South with high property taxes, the Southern states largely escape this list of highest property taxes. 

As for the West Coast, it’s noticeably absent from the roster of states with the steepest property taxes.

Check out our list of states with the highest property taxes.

The state-by-state property tax data below are based on Wallet Hub’s Property Taxes by State which is derived from US Census data. 

Which State Has the Highest Property Taxes?

New Jersey is the state with the highest property taxes. NJ has an effective property tax rate of 2.47%, making it the highest in the United States!

To make it worst for NJ homeowners, New Jersey also has relatively high home prices with a median home value of $355,700. That means New Jersey homeowners are burdened with high property taxes and high home prices!

Check out our list of the Most Affordable Towns in Northern New Jersey and Find out which towns in NJ have the Highest and Lowest Property Taxes

Which State Has the Highest Property Taxes on the East Coast?

New Jersey has the highest property taxes on the East Coast with an effective real-estate tax rate of 2.47%.

Which State Has the Highest Property Taxes in New England?

Connecticut has the highest property taxes in New England with an effective real-estate tax rate of 2.15%.

Find out the Connecticut Town with the Highest Property Taxes and the Connecticut Town with the Lowest Property Taxes.

Which State Has the Highest Property Taxes in the Midwest?

Illinois has the highest property taxes in the Midwest with an effective real-estate tax rate of 2.23%.

Check out our list of the Richest Suburbs of Chicago

Which State Has the Highest Property Taxes in the South?

Texas has the highest property taxes in the South with an effective real-estate tax rate of 1.74%.

Check out the Richest Cities in Texas

12 States with the Highest Property Taxes in the US

1. New Jersey

New Jersey has the highest property taxes in the US. It has the highest effective property tax rate in the United States at 2.47%. 

The median home value in New Jersey is $355,700, leading to an annual property tax payment of about $8,797 based on the state’s median home value.

New Jersey
Effective Property Tax Rate2.47%
Median Home Value$355,700
Annual Taxes on Home Priced at State Median Value$8,797

2. Illinois

Illinois follows closely with the second highest property taxes in the US. It has an effective property tax rate of 2.23%. 

With a state median home value of $212,600, Illinois homeowners would face an annual tax of around $4,744.

Illinois
Effective Property Tax Rate2.23%
Median Home Value$212,600
Annual Taxes on Home Priced at State Median Value$4,744

Check out our list of Free Things to Do in the Chicago Suburbs

3. Connecticut

Connecticut ranks third highest in property taxes. Connecticut has a high effective property tax rate of 2.15%. 

Given Connecticut’s median home value of $286,700, residents could expect to pay about $6,153 in annual property tax.

Connecticut
Effective Property Tax Rate2.15%
Median Home Value$286,700
Annual Taxes on Home Priced at State Median Value$6,153

Check out our list of the Richest Towns in Connecticut

4. New Hampshire

New Hampshire has one of the highest property taxes in the US. In New Hampshire, the effective property tax rate is 2.09%. 

Considering the median home value of $288,700 in this state, New Hampshire homeowners would have an annual property tax liability of approximately $6,036.

New Hampshire
Effective Property Tax Rate2.09%
Median Home Value$288,700
Annual Taxes on Home Priced at State Median Value$6,036

Find out which New Hampshire towns have the highest property taxes

5. Vermont

Vermont has one of the highest real estate taxes in the nation. It has an effective property tax rate of 1.90%. 

With a median home value of $240,600, homeowners in Vermont face an annual tax bill of approximately $4,570.

Vermont
Effective Property Tax Rate1.90%
Median Home Value$240,600
Annual Taxes on Home Priced at State Median Value$4,570

Check out the Highest Paying Jobs in Vermont

6. Texas

Texas has the highest property taxes in the south. Texas has a high effective property tax rate of 1.74%. 

Given the state’s median home value of $202,600, Texas residents could expect to pay around $3,520 in annual property tax.

Texas
Effective Property Tax Rate1.74%
Median Home Value$202,600
Annual Taxes on Home Priced at State Median Value$3,520

Check out our list of the Best Suburbs of Austin, TX

7. New York

The Big Apple has one of the highest property taxes in the Northeast. In New York, the effective property tax rate is 1.73%.

The median home value in New York is $340,600, meaning NY homeowners can anticipate an annual property tax of about $5,884.

New York
Effective Property Tax Rate1.73%
Median Home Value$340,600
Annual Taxes on Home Priced at State Median Value$5,884

Check out the Richest Towns in the New York Suburbs and the Highest Paying Jobs in New York

8. Wisconsin

Wisconsin has the second highest property taxes in the Midwest (Illinois came in first!). Wisconsin matches New York’s effective property tax rate of 1.73%. 

However, with a lower median home value of $200,400, the annual property tax for Wisconsin homeowners is approximately $3,472.

Wisconsin
Effective Property Tax Rate1.73%
Median Home Value$200,400
Annual Taxes on Home Priced at State Median Value$3,472

9. Nebraska

Nebraska has one of the highest property taxes in the Midwest. It has an effective property tax rate of 1.67%. 

The median home value in the state is $174,100. This means homeowners are likely to pay around $2,916 in annual property tax.

Nebraska
Effective Property Tax Rate1.67%
Median Home Value$174,100
Annual Taxes on Home Priced at State Median Value$2,916

10. Iowa

Iowa has one of the highest property taxes in the US. In Iowa, the effective property tax rate is 1.57%. 

Given Iowa’s median home value of $160,700, residents are pay approximately $2,522 in annual property tax.

Iowa
Effective Property Tax Rate1.57%
Median Home Value$160,700
Annual Taxes on Home Priced at State Median Value$2,522

11. Ohio

Ohio is another midwest state with high property taxes. It has an effective property tax rate of 1.53%. 

The median home value in Ohio is $159,900, which means homeowners can anticipate an annual property tax bill of about $2,447.

Ohio
Effective Property Tax Rate1.53%
Median Home Value$159,900
Annual Taxes on Home Priced at State Median Value$2,447

Check out the Richest Cities in Ohio

12. Pennsylvania

Pennsylvania has one of the highest real estate taxes in the US. It is tied with Ohio with an effective property tax rate of 1.53%. 

However, compared to Ohio, Pennsylvania has a slightly higher median home value of $197,300, and the annual property tax for Pennsylvania homeowners is approximately $3,022.

Pennsylvania
Effective Property Tax Rate1.53%
Median Home Value$197,300
Annual Taxes on Home Priced at State Median Value$3,022

Check out the Richest Towns in Pennsylvania and the Highest Paying Jobs in PA

You May Also Be Interested in These Real Estate Tax Related Articles:

States with the Highest Real Estate Taxes

States with the Lowest Property Taxes

Connecticut Towns with the Highest and Lowest Property Taxes

New Jersey Towns with the Highest and Lowest Property Taxes

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