At
the state average property tax rate of 1.94 %, both exemptions would equal annual savings of $ 485.
Not exact matches
Residents of New Jersey, the
state with the nation's highest
property taxes, paid a record
average of $ 8,690 in 2017,
state data show.
The above - referenced editorial also points out that 48 % of
state and local revenues collected in N.J. come from
property taxes, which is off - the - charts high: «No other
state derives more than 41 percent of its revenue from that source; the U.S.
average is 33.1 percent.»
To see how each
state compares, GOBankingRates calculated the
average amount Americans pay in each
state, including both
state and federal income taxes,
property taxes, sales tax and taxes on gas.
In the United
States, single - family home owners pay an
average of $ 3,296 in
property taxes a year.
Average amount of federal income taxes: $ 4,238.46
Average amount of
state income taxes: $ 1,810.98
Average amount of
property taxes: $ 556.80
Total taxes paid in Alabama are the eighth lowest, on
average, in the U.S. Homeowners in this
state have the second - lowest
property tax bill, on
average, thanks to a low 0.435 percent tax rate.
We examined the
average amount residents in all 50
states and the District of Columbia pay in income,
property, sales and gas taxes.
The most populous county in Mississippi, Hinds County has
property tax rates that are somewhat higher than the
state average.
The
average homeowner in Mobile County pays $ 671 annually in
property taxes, the 5th highest
average payment in the
state.
The county's
average effective
property tax rate is 0.97 %, sixth highest in the
state.
Federal income and
property taxes paid are particularly low, on
average, due to the
state's low median income and
property value.
New Mexico has the seventh - lowest total tax bill, on
average, in the U.S.
Property and income taxes paid are among the lowest of all
states — due, in large part, to a low median income and a low median home value in the
state.
The median annual
property tax in Mississippi is $ 768, lower than in all but four
states and less than half the national
average.
Renters insurance rates for the sample
property are 1.7 % higher in Manhattan than the
state average.
The
average effective
property tax rate in Erie County is 2.66 %, well above both the
state and national
averages.
Though the
state doesn't have a Social Security or inheritance tax, its estate tax is one of the highest, and
property and sales taxes are about
average.
The
state's
average effective
property tax rate of 1.55 % ranks as the 10th highest in the country.
Like Dodge City, rates here also are 2.4 % lower than the
state average for the
property.
Premiums for insuring our benchmark rental
property are 3.7 % higher than the
state average.
It has the fourth highest
property tax rate of any county in the
state, with
average effective rates of 3.14 %.
The median
property tax paid by homeowners in Bristol County is $ 4,839 per year, highest in the
state and more than double the national
average.
Quotes for the study sample
property were 4 % higher than the
state average, giving Lehi the fourth most expensive spot.
However,
property tax rates in Polk County are close to the
state average.
Unlike other
states, Kansas's cost of renters insurance does not deviate far from the
average rate to insure the sample
property in the
state - the cheapest city is only 2.4 % cheaper.
The county's
average effective
property tax rate is 1.65 %, as compared with the
state average of 1.55 %.
Olathe residents pay 1.8 % less to insure the sample
property than the
average rate
state.
Like Emporia, renters insurance rates for our study's sample
property are 1.7 % higher than the study
average for the
state.
What doesn't play in the
state's favor is its high cost of living, bolstered by higher - than -
average home prices and middling deposit account rates — and the second - highest median
property tax in the country.
Rates are 10.4 % greater than the
state average to insure the sample
property.
Bath has the cheapest renters insurance in Maine, where the cost to insure our study's sample
property is 5.3 % lower than the
state average.
Renters insurance quotes for our sample
property were 10.11 % more than the
state average.
Renters insurance rates are 6 % higher in Nampa than the
average for the same
property across the
state.
Twin Falls is second most expensive place to insure the study's sample
property, where where renters insurance premiums were 6.73 % higher than the
state average.
Oregon's Multnomah County, which encompasses most of the city of Portland, has
property taxes near the
state average.
Property and gas tax rates for the
state are both near the national
average.
That is reflected in the
state's high effective
property taxes: the
average Connecticut homeowner pays $ 5,327 annually in taxes, the second highest amount in the U.S.
The
average effective
property tax rate in the
state is 1.97 %.
However, since homes there are also worth more than elsewhere in the
state,
property taxes as a percentage of home value are actually below the
state's
average.
The highest
average property taxes in the
state are in Fairfield County, where homeowners pay $ 6,931 annually.
The
state's
average effective
property tax rate is 1.83 %, which means that the
average homeowner in Nebraska pays approximately that percentage of her home's value in taxes each year.
The county's effective
property tax rate is 1.25 %, above both
state and national
averages.
Our study collected quotes for a sample
property of 1,000 square - feet from five big insurance carriers in the
state, and we found that Farmers offered the cheapest
average annual rate at $ 148 for our sample policy.
Its
average effective
property tax rate of 0.59 % is lower than all but six other
states, and about half the national
average.
Our sample
property rates were 3.9 % higher in Pine Bluff than the
average for the
property in the
state.
The county's
average effective
property tax rate of 0.85 % is fifth lowest in the
state.
Renters insurance premiums for our sample
property are 17.5 % higher than the
state average.
It has the
average property tax rates of any county in the
state.
The
average effective
property tax rate is 1.08 % in Washington County, compared to a
state average of 1.17 %.
Located in northern Maryland, Harford County has
property tax rates slightly higher than the
state average but below the national
average.