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

Monday, April 6, 2015

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).