2007-11-23 21:59:18 · 5 answers · asked by pisces02 4 in Business & Finance ➔ Taxes ➔ United States
New Jersey. I should know as I live there. New Jersey also has the highest auto insurance rates and gets back the least amount of money for each tax dollar we send to Washinton (something like 65 cents for every dollar). All around we pretty much get screwed whatever we do. The only bright spot is that we have the lowest gas tax in the country and therefore our gas cost less per gallon than anywhere else.
2007-11-23 22:02:56 · answer #1 · answered by xg6 7 · 0⤊ 0⤋
While the dollar amount of property taxes may be the highest in New Jersey, the percentage of the tax as compared to the FMV of the home isn't held by NJ. TX, FL, TN, and NH all have extremely high property taxes as they have no income tax.
I owned property in the San Antonio area until last year. My property taxes ran close to 5% of the FMV year in and year out. The value of the homes was much less than what they would have been worth in NJ but the tax rate was nearly double what NJ's is.
2007-11-24 09:10:34 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
The state with the highest median real estate taxes is New Jersey where more than fifty percent of all households pay in excess of $5352 in property taxes.
2007-11-24 06:03:59 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Florida
If it's not, I'd hate to live in New Jersey.
2007-11-24 06:03:54 · answer #4 · answered by Anonymous · 0⤊ 1⤋
http://money.cnn.com/pf/features/lists/taxesbystate2005/index.html
This web site shows you the taxes for 2005.
http://www.census.gov/govs/statetax/05staxrank.html
This is another good one
2007-11-24 07:49:15 · answer #5 · answered by fruitie7 4 · 0⤊ 0⤋