This Is The County With America's Highest Property Tax

paterson

Photo: pasa47 via flickr

Homeowners in New Jersey’s Passaic County are reeling under growing property tax burdens as local governments and schools struggle to close gaping budget gaps. The county – home to New York City bedroom communities like Little Falls and Paterson – has the highest property taxes in the nation, according to the Tax Foundation, a Washington-based research group that advocates lower taxes.

Rising personnel costs are being passed on to Passaic county residents through regular property tax increases. Between 2007 and 2009 real estate taxes in Passaic County ate up an average 8.79% of median household income, which was $83,589 during the same period. The average property tax was $8,459 last year, up from a 2007-09 median of $7,345.

The growing property tax burden in Passaic County mirrors state and nationwide trends. In New Jersey, residents paid an average $7,576 in residential property taxes last year, the highest in the country.

Nationally, homeowners are giving up a bigger percentage of their annual earnings to pay property taxes, which are primarily used to pay for public schools and some other government services. The Tax Foundation estimates that about 3.5% of household incomes went to property taxes in 2009, compared to 2.9% in 2005. 

Based on Tax Federation data, we’ve compiled a list of the top 25 U.S. counties with the highest property taxes. Homeowners in these counties are shelling out huge portions of their annual income to pay their residential real estate taxes.

25. Gloucester County, New Jersey.

Taxes as a percentage of income: 6.15%

Median homeowner income: $83,443

Taxes as a percentage of home value: 2.11%

Median Home Value: $243,00

Median Property Taxes Paid: $5,130

Source: The Tax Foundation

24. Kane County, Illinois.

Taxes as a percentage of income: 6.16%

Median homeowner income: $79,723

Taxes as a percentage of home value: 1.98%

Median Home Value: $248,400

Median Property Taxes Paid: $4,913

Source: The Tax Foundation

23. Ocean County, New Jersey.

Taxes as a percentage of income: 6.27%

Median homeowner income: $66,560

Taxes as a percentage of home value: 1.40%

Median Home Value: $298,800

Median Property Taxes Paid: $4,170

Source: The Tax Foundation

22. Cheshire County, New Hampshire.

Taxes as a percentage of income: 6.32%

Median homeowner income: $64,920

Taxes as a percentage of home value: 2.03%

Median Home Value: $202,600

Median Property Taxes Paid: $4,105

Note: New Hampshire does not have a state income tax.

Source: The Tax Foundation

21. Atlantic County, New Jersey.

Taxes as a percentage of income: 6.38%

Median homeowner income: $68,949

Taxes as a percentage of home value: 1.61%

Median Home Value: $273,800

Median Property Taxes Paid: $4,399

Source: The Tax Foundation

20. Middlesex County, New Jersey.

Taxes as a percentage of income: 6.54%

Median homeowner income: $92,480

Taxes as a percentage of home value: 1.69%

Median Home Value: $358,300

Median Property Taxes Paid: $6,051

Source: The Tax Foundation

19. Morris County, New Jersey.

Taxes as a percentage of income: 6.57%

Median homeowner income: $114,294

Taxes as a percentage of home value: 1.57%

Median Home Value: $479,500

Median Property Taxes Paid: $7,507

Source: The Tax Foundation

18. Mercer County, New Jersey.

Taxes as a percentage of income: 6.62%

Median homeowner income: $92,905

Taxes as a percentage of home value: 1.92%

Median Home Value:$319,700

Median Property Taxes Paid: $6,151

Source: The Tax Foundation

17. Warren County, New Jersey.

Taxes as a percentage of income: 6.69%

Median homeowner income: $86.213

Taxes as a percentage of home value: 1.84%

Median Home Value: $313,900

Median Property Taxes Paid: $5,767

Source: The Tax Foundation

16. Lake County, Illinois.

Taxes as a percentage of income: 6.69%

Median homeowner income: $92,196

Taxes as a percentage of home value: 2.08%

Median Home Value: $296,100

Median Property Taxes Paid: $6,169

Source: The Tax Foundation

15. Sussex County, New Jersey.

Taxes as a percentage of income: 6.74%

Median homeowner income: $88,292

Taxes as a percentage of home value: 1.82%

Median Home Value: $326,400

Median Property Taxes Paid: $5,948

Source: The Tax Foundation

14. Monmouth County, New Jersey.

Taxes as a percentage of income: 6.76%

Median homeowner income: $99,162

Taxes as a percentage of home value: 1.57%

Median Home Value: $428,300

Median Property Taxes Paid: $6,703

Source: The Tax Foundation

13. Somerset County, New Jersey.

Taxes as a percentage of income: 6.90%

Median homeowner income: $111,358

Taxes as a percentage of home value: 1.75%

Median Home Value: $440,000

Median Property Taxes Paid: $7,684

Source: The Tax Foundation

12. Camden County, New Jersey.

Taxes as a percentage of income: 6.98%

Median homeowner income: $77,108

Taxes as a percentage of home value: 2.36%

Median Home Value: $228,200

Median Property Taxes Paid: $5,384

Source: The Tax Foundation

11. Hudson County, New Jersey.

Taxes as a percentage of income: 7.26%

Median homeowner income: $86,063

Taxes as a percentage of home value: 1.57%

Median Home Value: $397,000

Median Property Taxes Paid: $6,246

Source: The Tax Foundation

10. Hunterdon County, New Jersey.

Taxes as a percentage of income: 7.28%

Median homeowner income: $115,500

Taxes as a percentage of home value: 1.86%

Median Home Value: $453,100

Median Property Taxes Paid: $8,413

Source: The Tax Foundation

9. Suffolk County, New York.

Taxes as a percentage of income: 7.36%

Median homeowner income: $95,280

Taxes as a percentage of home value: 1.63%

Median Home Value: $430,600

Median Property Taxes Paid: $7,010

Source: The Tax Foundation

8. Putnam County, New York.

Taxes as a percentage of income: 7.43%

Median homeowner income: $96,870

Taxes as a percentage of home value: 1.68%

Median Home Value: $427,400

Median Property Taxes Paid: $7,198

Source: The Tax Foundation

7. Westchester County, New York.

Taxes as a percentage of income: 7.66%

Median homeowner income: $110,615

Taxes as a percentage of home value: 1.51%

Median Home Value: $562,700

Median Property Taxes Paid: $8,474

Source: The Tax Foundation

6. Rockland County, New York.

Taxes as a percentage of income: 7.89%

Median homeowner income: $102,332

Taxes as a percentage of home value: 1.68%

Median Home Value: $482,300

Median Property Taxes Paid: $8,084

Source: The Tax Foundation

5. Bergen County, New Jersey.

Taxes as a percentage of income: 8.08%

Median homeowner income: $102,332

Taxes as a percentage of home value: 1.70%

Median Home Value: $486,200

Median Property Taxes Paid: $8,269

Source: The Tax Foundation

4. Nassau County, New York.

Taxes as a percentage of income: 8.11%

Median homeowner income: $104,559

Taxes as a percentage of home value:1.72%

Median Home Value: $494,000

Median Property Taxes Paid: $8,478

Source: The Tax Foundation

3. Union County, New Jersey.

Taxes as a percentage of income: 8.13%

Median homeowner income: $89,928

Taxes as a percentage of home value: 1.83%

Median Home Value: $399,300

Median Property Taxes Paid: $7,308

Source: The Tax Foundation

2. Essex County, New Jersey.

Taxes as a percentage of income: 8.27%

Median homeowner income: $94,306

Taxes as a percentage of home value: 1.95%

Median Home Value:$400,900

Median Property Taxes Paid: $7,801

Source: The Tax Foundation

1. Passaic County, New Jersey.

Taxes as a percentage of income: 8.79%

Median homeowner income: $83,594

Taxes as a percentage of home value: 1.91%

Median Home Value: $384,500

Median Property Taxes Paid: $7,345

Source: The Tax Foundation

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