TheMReport

The New Originations Landscape

TheMReport — News and strategies for the evolving mortgage marketplace.

Issue link: http://digital.themreport.com/i/522162

Contents of this Issue

Navigation

Page 58 of 67

Th e M Rep o RT | 57 O r i g i nat i O n s e r v i c i n g a na ly t i c s s e c O n da r y m a r k e t ANALYTICS around the u.s. ANALYTICS Source: WalletHub "2015's States with the Highest and Lowest Property Taxes" State Rank aveRage Real eState tax New Jersey 51 $3,971 Illinois 50 $3,939 New Hampshire 49 $3,649 Wisconsin 48 $3,398 Texas 47 $3,327 Connecticut 46 $3,301 Nebraska 45 $3,228 Michigan 44 $3,168 Vermont 43 $2,934 Rhode Island 42 $2,779 New York 41 $2,734 Ohio 40 $2,677 Pennsylvania 39 $2,597 Iowa 38 $2,542 Kansas 37 $2,411 South Dakota 36 $2,331 Maine 35 $2,165 North Dakota 34 $2,110 Minnesota 33 $2,086 Alaska 32 $2,075 Massachusetts 31 $2,042 Washington 30 $1,920 Florida 29 $1,913 Maryland 28 $1,895 Oregon 27 $1,877 Missouri 26 $1,749 Georgia 25 $1,675 Nevada 24 $1,620 Indiana 23 $1,507 Oklahoma 22 $1,499 Montana 21 $1,492 Arizona 20 $1,483 North Carolina 19 $1,471 Kentucky 18 $1,445 California 17 $1,431 Virginia 16 $1,369 Mississippi 15 $1,350 Idaho 14 $1,331 Tennessee 13 $1,287 New Mexico 12 $1,249 Utah 11 $1,210 Colorado 10 $1,089 Wyoming 9 $1,069 Arkansas 8 $1,068 West Virginia 7 $1,015 District of Columbia 6 $1,001 South Carolina 5 $984 Delaware 4 $917 Louisiana 3 $832 Alabama 2 $752 Hawaii 1 $482 study shows new Jersey Has Highest Property taxes; Hawaii Has lowest Homeowners with almost insignificant property taxes and those with hefty burdens are, literally, about as far apart as you can get, according to a new report by Wallet Hub regarding the states with the highest and lowest property taxes in the nation. The April report finds that homeowners in Hawaii have the country's lowest property tax burden, coming in at an average of $482 per year. Meanwhile, New Jerseyans must contend with the highest property taxes, paying an average of just under $4,000 a year. This puts the national average for property taxes at $2,089 a year, almost to the dollar what residents of Massachusetts, Alaska, and Minnesota (ranked 31st to 33rd) pay.

Articles in this issue

Archives of this issue

view archives of TheMReport - The New Originations Landscape