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Hawaii is the State with the Lowest Real-Estate Property Taxes

The average American household spends $2,127 on real-estate property taxes each year, and residents of the 27 states with vehicle property taxes shell out another $412. Considering these figures and the debt-fueled environment to which we have grown so accustomed, it should come as no surprise that roughly $11.8 billion in property taxes go unpaid each year, according to the National Tax Lien Association.

property taxes
With that in mind, the personal finance website WalletHub today released its 2016’s Property Taxes by State report, which compares home and vehicle taxes across the nation and features insights from a panel of leading experts. A few highlights can be found below.

Property Taxes in Hawaii:

  • Real-Estate Property Tax Rank*: 1st
  • Vehicle Property Tax Rank*: 1st
  • Real-Estate Tax on Median State House Value: $1,405
  • Real-Estate Tax on Median U.S. House Value: $489
  • Vehicle Property Tax on Highest-Selling Car: $0

*Rank: 1st = Best

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