Are Your State's Property Taxes Too High?

Other than their mortgage, most home owners' largest home-related expense is their property tax bill. And it's no secret that when it comes to property taxes, some states are much harsher than others. Consider this: In 2009, New Jersey home owners paid an average of 27 times more in property taxes than property owners in Louisiana. Ouch.

In this interactive infographic, we not only give you the median property tax paid by homeowners in each state, but put those numbers in perspective. For each state, we show annual tax payments as a percentage of median annual income, as well as as a percentage of median property values. How does your state rank? See below to find out.


Mortgages – CreditSesame.com

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  1. Pamela , 4:05 am
    Interesting graphic. But you need to remind readers this is just a state average. My upstate NY taxes are 2x the NY average in your graphic. And an even greater chunk of my (below median) income. Ouch!
  2. Breakfast Links – What Will You Pay In Property Taxes? (July 8, 2011) « Hands On Home Buyer , 4:30 am
    [...] I had trouble embedding the graphic, but you can find it on Credit Sesame’s site here. [...]
  3. L Marm , 7:22 am
    Your property tax figures are incomplete and misleading because they imply that the only property taxes paid are state property taxes, yet in my state (PA) and others, the counties, townships, municipalities, and school districts also may tack on additional property taxes to what the state charges, so that the total property tax per home is often double or triple what your figure shows. If one wanted to show an accurate assessment of how property taxes affect the housing market, one would need to include the total property tax picture as well as property TRANSFER taxes which can be 2.5% of the value of the home in addition to the property taxes.
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