5 States With Highest, Lowest Property Taxes

You could likely tick off many, many differences between Hawaii and New Jersey, but 24/7 WallSt has identified perhaps the wonkiest of them all: property taxes. The site crunched the numbers on what people pay in each state as a percentage of home value and found that Jersey residents pay the highest effective rate at 2.38%, while those in Hawaii pay the lowest at 0.28%. The top and lowest five:

• Highest: New Jersey, 2.38%; Illinois, 2.32%; New Hampshire, 2.15%; Connecticut, 1.98%; and Wisconsin, 1.96%

• Lowest: Hawaii, 0.28%; Alabama, 0.43%; Louisiana, 0.51%; Delaware, 0.55%, and South Carolina, 0.57%.

Click to see the full rankings, which note that the typical home in Hawaii is valued at $528,000, which helps explain the relatively low rate. (More taxes stories.)