1. New Jersey
Here’s the last state on this list. New Jersey is where you can visit the Thomas Edison National Historical Park, have some fun in Atlantic City, visit some of the thousands of wineries and farms, and hike the Appalachian Trail.
The state is abundant in man-made and natural wonders. Among the things created by humans are also property taxes, which are the highest in the country. The property tax rate is 2.21%, and the average annual property tax paid is $10,409. That would be quite a financial burden for New Jersey’s homeowners.
You may also want to read 10 Effective Ways to Lower Your Living Costs Without Moving.
6 Responses
Where does the State of Confusion come in at?
Bull, Colorado has some of the highest around, weld county is 4 to 5% on property , ours jumped in one year to almost 4500
As senior adults we pay 2/3 of our property taxes for schools we have no children in and have never had children in – we don’t have any children! Also, if you want any type of exemptions that might be available, you have to go to the office that process these exemptions – too bad if you are disabled and have a hard time being mobile and do not put a sign in your front yard protesting taxes, the county will come by and remove them – wonderful Illinois!
Who do you think paid for your kids to go to school. Remember you as a taxpayer have the right and obligation to vote for what increases in taxes you will have. Tabor Amendment which was voted on and passed by the taxpayers. Taxpayers blame yourselves. Also, the average house since 1965 to 2013 has gone up in value/sales by 35 times but taxes have only gone up 4 times. Look at history on your individual property. Also, due to State Statute, the assessment ratio for residential property has gone down from 30% to 6.98%. Commercial property has gone from 30% to 29%, but Commercial properties receive tax kick backs from City and County of Denver, Aurora, Centennial, Colorado Springs, Fort Collins, Englewood, Lakewood, Boulder, Vail, Aspen, Grand Junction, Golden, Littleton, Adam’s County, Jefferson County, Summit County, Douglas County and Boulder County to off set higher taxes for them.
This post surprised me. I knew CT was high, #5 on the list, but I never thought yhat CA and NY are not even in the top 10.
Always check to see if your state will give you a senior/income tax break!