Who Pays the Highest Property Taxes?
Property taxes rose 4 percent to an average of $3,498 per home last year, outpacing inflation in the face of a new deduction cap for state and local taxes.
CNBC reports that New Jersey homeowners are facing the highest average property taxes, at $8,870, along with other coastal states like Connecticut ($7,222), New York ($6,947), and New Hampshire ($6,253). Alabamans are paying the lowest property taxes, at just $788 per home on average.
Property taxes have been a hot-button issue of late because of a $10,000 cap on deducting state and local taxes that was imposed as part of the Republican-led tax overhaul. Some homeowners in high-tax states have said the so-called SALT deduction cap means they owe the IRS this year, instead of getting refunds they received in previous years.