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

(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).


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