Ill. has 2nd-highest property taxes in US, study says

Monday, April 6, 2015
(WalletHub)
WalletHub

The average American household spends $2,089 on real estate property taxes each year. The average in Illinois? Nearly twice that number.



Roughly $15 billion-worth of homes are also foreclosed upon as a result of property tax delinquencies each year, according to the National Tax Lien Association.



WalletHub has released a report on the states with the highest and lowest property taxes in 2015, which compares home and vehicle taxes across the country.



Highest Real Estate Taxes


43 Vermont ($2,934)


44 Michigan ($3,168)


45 Nebraska ($3,228)


46 Connecticut ($3,301)


47 Texas ($3,327)


48 Wisconsin ($3,398)


49 New Hampshire ($3,649)


50 Illinois ($3,939)


51 New Jersey ($3,971)



The study found real estate property taxes in the average Blue State ($2,250) are 39 percent higher than those in the average Red State ($1,613).