Andy Moreton via Wikimedia Commons

New Jersey

Although income taxes are on the lower end of the spectrum and sales taxes are average, property taxes are the highest in the nation. “The state-wide average property tax on a $300,000 home in New Jersey comes to a whopping $7,251,” notes Kiplinger. 

-State Income Tax Range: 1.4% (on taxable income up to $20,000) to 10.75% (on taxable income over $1 million)

-Average Combined State and Local Sales Tax Rate: 6.6%

-Median Property Tax Rate: $2,417 per $100,000 of assessed home value

Famartin via Wikimedia Commons


Comments

  1. The Supreme Court really screwed up when it allowed collection of sales taxes across state lines on internet and other transactions. Justice Roberts needs to go, and Congress needs to reverse this to keep runaway sales tax rates confined to the state(s) with runaway sales taxes. Obviously, the Supreme Court justices flunked geography…states have boundaries which have been in place for years.

  2. democrats are always a disaster, but the foolish liberals keep voting for the control freak communist.

  3.  
    Remove all these communist, marxist, socialist, progressive, stalinists, leninists, pedophile protector democrats from office!   Period.

  4. The state governments just love it when property values rise. I just heard that the median home price in Seattle is now $862,000. Obviously, an average family home is not only out of reach for the average wage earner, but even if they could afford to get a mortgage on said property, the yearly property taxes would kill them. Some states such as California are even worse.

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