WalletHub’s survey of property taxes and car taxes paints a bad portrait for Connecticut. The state ranked in the top six (and not in a good way) for property and car taxes among all 50 states and the District of Columbia.
According to the survey, the average real estate property tax in Connecticut is $3,301, which ranks the state 46th overall. WalletHub says Hawaii is first in property taxes with an average of $482. The worst state for property taxes is New Jersey at $3,971.
WalletHub said in the report, “The average American household spends $2,089 on property taxes for their homes each year, and residents of the 27 states with vehicle property taxes shell out another $423.”
Connecticut is well above the average for motor vehicle taxes. It places 47th in the country with an annual levy of $630. Twenty-four states have no property taxes on automobiles. Our neighbor to the east, Rhode Island, is the highest state with an annual tax of $1,133.
Car taxes in Connecticut could be dropping in the near future. The 2016-2017 budget includes a provision capping car taxes at 32 mills in 2017 and 29.5 mills in 2018. Recent budget problems could affect those tax reduction implementations, though.
