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

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

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

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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