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Each year, the average American household spends $2,279 on real-estate property taxes plus another $440 for residents of the 27 states with vehicle property taxes. With such high costs, it’s no surprise that more than $14 billion in property taxes go unpaid each year, according to the National Tax Lien Association. To monitor your taxes & to save money, insurance for landlords is a must which is very helpful for a better future.

In order to determine who pays the most relative to their state, the personal-finance website WalletHub today released its 2019 Property Taxes by State , which compares home and vehicle taxes across the nation and features insights from a panel of experts.

Property Taxes in Rhode Island (1st=Lowest; 25th=Avg.):

  • Real Estate Property Tax Rank: 42nd
  • Vehicle Property Tax Rank: 51st
  • Real Estate Tax on Median State Home Value: $4,013
  • Real Estate Tax on Median U.S. Home Value: $3,206
  • Vehicle Property Tax on Best-Selling Car: $1,070.48
Source: WalletHub

For the full report, visit:
https://wallethub.com/edu/states-with-the-highest-and-lowest-property-taxes/11585/

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Ryan Belmore is the Owner and Publisher of What'sUpNewp.

He currently serves as Vice President of the Board Of Directors for Fort Adams Trust and on the Board of Directors for Potter League For Animals.

He is a member of Local Independent Online News Publishers, Society of Professional Journalists, and the North American Snowsports Journalists Association.