CT has fourth highest real-estate property taxes

According to a study done by the personal finance website WalletHub, Connecticut is 2017’s state with the fourth highest real-estate property taxes. Each year, the average American household spends $2,149 on real-estate property taxes plus another $402 for residents of the 27 states with vehicle property taxes. With such high costs, it’s no surprise that about $11.8 billion in property taxes go unpaid each year, according to the National Tax Lien Association.

In order to determine who pays the most relative to their state, the personal-finance website WalletHub released its 2017 Property Taxes by State report, which compares home and vehicle taxes across the nation and features insights from a panel of experts.

Property Taxes in Connecticut (1st=Lowest; 25th=Avg.):

  • Real-Estate Property Tax Rank: 48th
  • Vehicle Property Tax Rank: 48th
  • Real-Estate Tax on Median State Home Value: $5,327
  • Real-Estate Tax on Median U.S. Home Value: $3,517
  • Vehicle Property Tax on Best-Selling Car: $555.15

For the full report, visit wallethub.com/edu/states-with-the-highest-and-lowest-property-taxes/11585/

Facebook Comments

About author

By participating in the comments section of this site you are agreeing to our Privacy Policy and User Agreement

Submit your comment

Please enter your name

Your name is required

Please enter a valid email address

An email address is required

Please enter your message

© Copyright 2018 Hearst Media Services Connecticut, LLC

Designed by WPSHOWER

Powered by WordPress