This State Has the Highest Real Estate Taxes (and It's Not Even Close)
The median U.S. homeowner pays 1.11% of their home's value in property taxes each year. And based on 2021 home-price data, this translates to a median tax bill of $2,971.
However, some states have significantly higher real estate taxes than the median. Much higher. In fact, there is one state -- New Jersey -- where the typical homeowner pays nearly three times the tax bill of the median U.S. homeowner. Here's how much New Jersey homeowners pay and some of the reasons property taxes in the Garden State are so high.
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Source Fool.com
