Top 10 states with the highest property taxes

Top 10 states with the highest property taxes

I had always heard that California and Texas were two states that had very high property taxes, so I was surprised that neither of them showed up on the following list. Of course, maybe everything is relative, which is why this list used median property taxes as a percent of median income.

For those not familiar with, or who don't remember, what the median is, it's simply the point where half of something is above and half is below. I like this list because, rather than using a raw dollar number paid in property taxes, it uses a percentage of income that goes to pay property taxes. So even if the raw dollar number appears to be high, the fact that the state has a higher median income means that the percentage paid for property taxes could be lower than the percentage in another state where the raw dollar number is low but so is the median income.

Following is the list. Unfortunately, I couldn't find data for all 50 states, just the Top 10.

1. New Jersey
   Median income: $86,424
   Median property taxes: $6,348
   Property taxes as a percent of median income: 7.28%
2. New Hampshire
   Median income: $72,489
   Median property taxes: $4,168
   Property taxes as a percent of median income: 6.38%
3. Vermont
   Median income: $77,161
   Median property taxes: $4,618
   Property taxes as a percent of median income: 5.4%
4. Connecticut
   Median income: $84,429
   Median property taxes: $4,436
   Property taxes as a percent of median income: 5.21%
5. New York
   Median income: $70,589
   Median property taxes: $3,736
   Property taxes as a percent of median income: 5.08%
6. Rhode Island
   Median income: $76,193
   Median property taxes: $3,730
   Property taxes as a percent of median income: 4.9%
7. Illinois
   Median income: $67,144
   Median property taxes: $3,271
   Property taxes as a percent of median income: 4.64%
8. Wisconsin
   Median income: $65,631
   Median property taxes: $3,040
   Property taxes as a percent of median income: 4.62%
9. Massachusetts
   Median income: $78,194
   Median property taxes: $3,254
   Property taxes as a percent of median income: 4.17%
10. Nebraska
    Median income: $71,120
    Median property taxes: $2,829
    Property taxes as a percent of median income: 3.98%

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