New Jersey Property Taxes Highest in the Nation, New Report Shows - NBC New York

New Jersey Property Taxes Highest in the Nation, New Report Shows

At the county and city level, the tri-state area was still near the top of the list



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    New Jersey residents, prepared to be stunned. Believe it or not, unimaginable as it may be ... your property taxes are the highest in the country.


    A new report from RealtyTrac shows that Garden State homeowners paid the highest effective property tax rate last year, at 2.31 percent. The data will come as little surprise in a state where complaining about property taxes is a regular pastime and candidates for governor make cutting them a standard-issue proposal. 

    Elsehwere in the region, Connecticut (2 percent) and New York (1.88 percent) weren't much better in terms of tax burden.

    Property taxes in many tri-state area counties are among the highest in the nation.
    Photo credit: ATTOM Data Solutions

    At the county level, only nine large counties nationwide reported average annual property taxes in excess of $10,000; eight of them were in the tri-state area. Westchester County topped the list with an average annual property tax in excess of $16,000.

    ATTOM Data Solutions, which crunched the numbers, separately looked at the 217 markets in the country with a population of at least 200,000 people.

    Of the five most-taxed towns in that group, four were in New York and New Jersey, led by Binghamton at 3.1 percent. 

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