Report shows new jersey now has highest property taxes in america

TRENTON, NJ – If you’ve ever wondered why your property taxes feel like they’re sky-high, you’re not alone. In 2024, some states are pushing property taxes to new heights, and it’s hitting homeowners hard. Let’s dive into the top five states where property taxes are anything but low.

This is according to recent article published by Newsweek.

New Jersey: The Tax Titan

New Jersey is notorious for its steep property taxes, and 2024 is no different. With an average effective property tax rate of 2.47%, Garden State residents are paying through the nose—$8,928 annually on a median-priced home, to be exact. It’s not just the infamous traffic that’s driving people crazy here!

Illinois: The Midwestern Money Drain

Illinois isn’t far behind New Jersey, with a property tax rate of 2.29%. This means the average homeowner is forking over $5,213 each year. Whether you’re in the bustling suburbs of Chicago or the quiet countryside, those taxes are coming for you.

Connecticut: The Quietly Costly State

Connecticut might be known for its quaint small towns and beautiful landscapes, but living there comes with a price. The state’s effective property tax rate is 2.16%, which leads to an average annual tax of $6,251 on a typical home. That’s a lot of dough for a slice of New England charm.

New Hampshire: The Pricey Granite State

New Hampshire, with its picturesque views and no state income tax, seems like a dream—until you get your property tax bill. With a rate of 2.09%, homeowners are shelling out around $6,235 each year. The mountains may be free to look at, but living near them? Not so much.

Texas: The Lone Star State’s Lone Empty Wallet State

Texas rounds out the top five with a property tax rate of 1.90%. This might seem low compared to the others, but with an average annual tax of $4,399 on a median-priced home, it’s still a hefty chunk of change. Everything’s bigger in Texas, including the tax bills.

So, if you’re thinking of moving or buying property in one of these states, keep these numbers in mind. Property taxes can make a big difference in your overall cost of living—something you definitely don’t want to overlook!

Phil Stilton Latest posts

Phil Stilton is the Editor and Publisher of Shore News Network, an independent digital newsroom providing original reporting on New Jersey, national news, government, public policy, public safety, courts, and community affairs.

As founder of the publication, Stilton leads editorial strategy, investigative reporting, and daily newsroom operations while overseeing coverage that reaches millions of readers annually.

With extensive experience covering municipal government, county government, state legislatures, elections, law enforcement, emergency management, and public records, Stilton specializes in translating complex government actions into clear, factual reporting. His work frequently relies on primary source documents, including court filings, legislation, public meeting records, election finance disclosures, government databases, police reports, and Freedom of Information and Open Public Records Act (OPRA) requests. He has reported extensively on local government accountability, taxpayer spending, campaign finance, public corruption investigations, infrastructure, public safety, and the policies affecting New Jersey residents.

Under Stilton's editorial leadership, Shore News Network has grown into one of New Jersey's largest independent digital news organizations, publishing thousands of original news articles each year while providing breaking news coverage, investigative reporting, and analysis across state and local government. The publication's reporting is routinely sourced from official government agencies, public officials, court records, and firsthand documentation, with a commitment to transparency, attribution, corrections when warranted, and clearly distinguishing factual reporting from opinion.

Stilton's journalism follows established newsroom standards emphasizing accuracy, verification, fairness, and accountability. Every effort is made to verify information through official records and multiple reliable sources before publication. His reporting is intended to provide readers with timely, well-documented information that helps them understand the issues affecting their communities, while maintaining editorial independence from political parties, government agencies, advocacy organizations, and commercial interests.

Readers can submit story tips, corrections, public records, or media inquiries through the official Shore News Network website or its verified social media channels. Shore News Network welcomes corrections and updates when new information becomes available as part of its ongoing commitment to accurate and transparent journalism.