Each year, the average American household spends $2,869 on real-estate property taxes plus another $448 for residents of the 26 states with vehicle property taxes.
In order to determine who pays the most relative to their state, the personal-finance website WalletHub today released its Property Taxes by State in 2024 report, as well as expert commentary. The report compares home and vehicle taxes across the nation.
Property Taxes in Arizona (1st=Lowest; 25th=Avg.):
- Real-Estate Property Tax Rank: 10th
- Vehicle Property Tax Rank: 38th
- Real-Estate Tax on Median State Home Value: $1,786
- Real-Estate Tax on Median U.S. Home Value: $1,567
- Vehicle Property Tax on Best-Selling Car: $444
For the full report, please visit:
https://wallethub.com/edu/states-with-the-highest-and-lowest-property-taxes/11585
