What are the most expensive places for property taxes? A recent report from CoreLogic says the average property taxes paid by homeowners vary from $694 per year in West Virginia to $8,498 in New Jersey. However, they also point out that In West Virginia the median home price in 2023 was $154,500 and New Jersey’s median price was $439,000.
“…states calculate property taxes differently by municipalities, as home prices and rates can vary greatly locally. In West Virginia, for example, average annual property taxes range from about $210 in McDowell and Webster counties to about $1,856 in Jefferson County. Similarly, in New Jersey, average property taxes in 2023 were between $4,590 in Cumberland County to about $11,350 in Essex and Bergen counties.”
Click here to read the full report at CoreLogic.
