Did you know that property tax amounts vary greatly from
state to state? That’s right! While you may be paying one amount in property
taxes, friends in another state may be paying much less (or much more)!
Right now, the state with the highest property taxes of all
is New Jersey, while Hawaii has the honor of having the lowest property taxes.
No matter where people live and what their property tax
rates, however, the fact remains that a great many people, all across the
nation, aren’t able to pay their property taxes or to pay them in full. In
fact, the National Tax Lien Association reports that around $11.8 billion in
property taxes go unpaid each year.
Your chances of being in the “unpaid group” are greatly
reduced if you live in one of the following states with the lowest property
taxes:
·
Alabama
·
Hawaii
·
Louisiana
·
Delaware
·
D.C.
·
South Carolina
·
West Virginia
·
Arkansas
·
Colorado
·
Wyoming
If you’re not fortunate enough to live in one of those
states, hopefully you’re not in any of the following states that have super
high property taxes:
·
New Jersey
·
New Hampshire
·
Illinois :(
·
Texas
·
Wisconsin
·
Nebraska
·
Connecticut
·
Vermont
·
Michigan
·
Rhode Island
No matter where you live, you should talk to your accountant
about ways to potentially reduce your taxes in general
so that, hopefully, none of your required tax payments will end up hitting you
too hard!