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Connecticut Ranks 4th In Study Of Nation's Highest Property Tax Rates

FAIRFIELD COUNTY, Conn. — It won't come as a surprise to many Fairfield County homeowners that property taxes are high in Connecticut. 

About 300 people storm Bridgeport City Hall last summer to speak their minds about a property tax hike in Bridgeport.

About 300 people storm Bridgeport City Hall last summer to speak their minds about a property tax hike in Bridgeport.

Photo Credit: Meredith Guinness, File

But you might be surprised to know exactly how high they are. 

According to the personal finance website WalletHub, Connecticut has the fourth highest real-estate property taxes in the nation. 

Each year, the average American household spends $2,149 on real-estate property taxes plus another $402 for residents of the 27 states — including Connecticut — with vehicle property taxes. 

In order to determine who pays the most relative to their state, the personal-finance website WalletHub released its 2017 Property Taxes by State report, which compares home and vehicle taxes across the nation and features insights from a panel of experts.

Here are the rankings for Connecticut — with 1st being the lowest and 51st being the highest:  

  • Real-Estate Property Tax Rank: 48th
  • Vehicle Property Tax Rank: 48th
  • Real-Estate Tax on Median State Home Value: $5,327
  • Real-Estate Tax on Median U.S. Home Value: $3,517
  • Vehicle Property Tax on Best-Selling Car: $555.15

Which state ranked as the worst? Here are the five states with the highest property tax rates:

  • 51: New Jersey, Effective Real-Estate Tax Rate: 2.35%
  • 50: Illinois, Effective Real-Estate Tax Rate: 2.30%
  • 49: New Hampshire, Effective Real-Estate Tax Rate: 2.15%
  • 48 Connecticut, Effective Real-Estate Tax Rate: 1.97% 
  • 47 Wisconsin, Effective Real-Estate Tax Rate: 1.96% 

Which state ranked as the best? For the five states with the lowest property tax rate:

  • 1: Hawaii, Effective Real-Estate Tax Rate: 0.27% 
  • 2: Alabama, Effective Real-Estate Tax Rate: 0.43% 
  • 3: Louisiana, Effective Real-Estate Tax Rate: 0.49%
  • 4: Delaware, Effective Real-Estate Tax Rate: 0.54% 
  • 5: District of Columbia, Effective Real-Estate Tax Rate: 0.56% 

For the full report at the WalletHub website, click here.  

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