Highest List of New Jersey Tops Property Taxes in $ 9,413 while southern states offer relief for relief

Property taxes are one of the most significant expenses facing homeowners.

Taxes are intended to finance local government services such as infrastructure, schools and other essential systems.

The specific fee is calculated based on the value of a home and its location, although the amount may change each basic year in local tax laws and the value of the home.

Typically, if one’s home is more valuable, they will owe more property taxes. Home values are also reassessed as often as every year, which means that property tax bills can change.

The case that many homeowners face is that property taxes are increasing in second place to increase home values and changes in local tax fees, said the top economist of Realtor.com in the April report.

The average property in the US saw its property tax bill increased by 2.8% from 2023 to 2024 as over 73% of properties had tax increases during that time.

In 2024, the average tax invoice at the US was $ 3,500, which was largely directed at home price rating.

However, Berner said that many homeowners may not understand that they could protest that the value of their home value.

In fact, over 40% of properties across the country can save at least $ 100 by protesting the estimated value, with an average savings of over $ 500, according to Berner.

Such taxes have become a stroke point among politicians, with some even demanding their full elimination.

A Pennsylvania lawmaker argued that homeowners should not “pay rent” for the government.

Recently, Governor Ron Desantis doubled in his intention to eliminate property taxes in Florida, an act that would make it the only state in the country without state income or property tax.

Residents in New Hampshire, New Jersey, Connecticut, Washington and New York face the highest average amount of property tax, according to the most recent date from Realtor.com

In contrast, residents of Indiana, Alabama, West Virginia and Arkansas have the lowest average amount of property tax.

Here are the states in order from the highest to the lowest average property tax, according to Realtor.com:

• New Jersey – $ 9,413
  New Hampshire – $ 7,715
  Connecticut – $ 6,944
  Washington – $ 6,338
  New York – $ 6,096
  Texas – $ 5,860
  California – $ 5,248
  Massachusetts – $ 5,142
  Rhode Island- $ 5,111
  Columbia Circle – $ 5,087
  Maryland – $ 4,874
  Maine – $ 4,335
  Oregon – $ 4,265
  Alaska – $ 4,113
  Minnesota – $ 3,712
  Florida – $ 3,659
  Wisconsin – $ 3,612
  Colorado – $ 3,398
  Kansas – $ 3,379
  Pennsylvania – $ 3,137
  Montana – $ 3,072
  Hawaii – $ 2,931
  Ohio – $ 2,823
  Iowa – $ 2,816
  Utah – $ 2,768
  Virginia – $ 2,755
  Georgia – $ 2,683
  South Dakota – $ 2,632
  Missouri – $ 2,534
  North Dakota – $ 2,525
  Nebraska – $ 2,382
  Nevada – $ 2,316
  Vermont – $ 2,206
  Wyoming – $ 2,024
  Illinois – 1,974.5 dollars
  Idaho – $ 1,974
  North Carolina – $ 1,971
  Arizona – $ 1,956
  New Mexico – $ 1,734
  Delaware – $ 1,702
  Michigan – $ 1,670
  Kentucky – $ 1,551
  Oklahoma – $ 1,481
  Luiziana – $ 1,415
  Tennesses – $ 1,333
  South Carolina – $ 1,328
  Mississippi – $ 1,034
  Indiana – $ 995
  Alabama – $ 804
  Western Virginia – $ 728
  Arkansas – $ 725