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New Jersey has highest property taxes in US

Property taxes are one of the most significant ongoing expenses homeowners face.

The taxes are meant to fund local government services such as infrastructure, schools, and other essential systems.

The specific fee is calculated based on a home’s value and its location, though the amount can vary annually based on local tax laws and the home’s value.

Typically, if someone’s home is more valuable, they will owe more in property taxes. Home values are also re-evaluated as often as every year, which means property tax bills can change. 

The issue facing many homeowners is that property taxes are growing due to increased home values and changes to local tax rates, Realtor.com senior economist Joel Berner said in an April report.

The median property in the US saw its property tax bill grow by 2.8% from 2023 to 2024 as over 73% of properties had tax increases during that time.

In 2024, the median tax bill in the US was $3,500, which was largely driven by home price appreciation. 

New Jersey has the highest median property taxes of any state in the US. John McAdorey – stock.adobe.com
A residential neighborhood in Wanaque, NJ, on July 4, 2025. Christopher Sadowski

However, Berner said many homeowners may not realize they can protest their home’s value assessment.

In fact, over 40% of properties nationwide could save at least $100 by protesting the assessed value, with a median savings of over $500, according to Berner. 

Such taxes have become a flashpoint among politicians, with some even calling for their complete elimination.

One Pennsylvania lawmaker argued that homeowners shouldn’t have to “pay rent” to the government.

The New York City skyline in the background near Newark, NJ, on June 17, 2021. Bloomberg via Getty Images
A residential community in West Orange, NJ on June 22, 2025. Christopher Sadowski
New Jersey Gov. Phil Murphy speaks at a press conference at Newark Penn Station on May 15, 2025. Kyle Mazza/NurPhoto/Shutterstock

Recently, Gov. Ron DeSantis doubled down on his goal of eliminating property taxes in Florida, a move that would make it the lone state in the country with no state income or property tax.

Residents in New Hampshire, New Jersey, Connecticut, Washington and New York face the highest median property tax amount, according to the most recent data from Realtor.com

Conversely, Indiana, Alabama, West Virginia and Arkansas residents have the lowest median property tax amount. 

Here are the states in order from highest to lowest median property tax amount, according to Realtor.com: 

  • New Jersey – $9,413
    New Hampshire –  $7,715
    Connecticut – $6,944
    Washington – $6,338
    New York – $6,096
    Texas – $5,860
    California – $5,248
    Massachusetts– $5,142
    Rhode Island– $5,111
    District of Columbia – $5,087
    Maryland – $4,874
    Maine – $4,335
    Oregon – $4,265
    Alaska – $4,113
    Minnesota – $3,712
    Florida – $3,659
    Wisconsin – $3,612
    Colorado – $3,398
    Kansas – $3,379
    Pennsylvania – $3,137
    Montana – $3,072
    Hawaii – $2,931
    Ohio – $2,823
    Iowa – $2,816
    Utah – $2,768
    Virginia – $2,755
    Georgia – $2,683
    South Dakota – $2,632
    Missouri – $2,534
    North Dakota – $2,525
    Nebraska – $2,382
    Nevada – $2,316
    Vermont – $2,206
    Wyoming – $2,024
    Illinois – $1,974.5
    Idaho – $1,974
    North Carolina – $1,971
    Arizona – $1,956
    New Mexico –$1,734
    Delaware – $1,702
    Michigan – $1,670
    Kentucky – $1,551
    Oklahoma – $1,481
    Louisiana – $1,415
    Tennessee – $1,333
    South Carolina – $1,328
    Mississippi – $1,034
    Indiana – $995
    Alabama – $804
    West Virginia – $728
    Arkansas – $725



This story originally appeared on NYPost

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