New Hampshire falls just a little behind with a media property tax rate of 1.86%. The Golden State indeed lives up to this with a maximum 13.3% income tax rate. RICOWde via Getty Images California has a reputation for being an amazing place to vacation but a pricey place to live. April 8, 2015 / 5:55 AM Vermont League of Cities and Towns executive director Steve Jeffrey told the Burlington Free Press that property taxes "just seemed to blot out all other issues" in the November election. "The system is rigged" against taxpayers and employers, Rauner said on a tour to promote his agenda. Based on this data, the state with the highest median tax rate is New Jersey. This revenue is used for a variety of purposes, including building schools, repairing roads, and building other critical infrastructure. But that's not the whole picture, given that the state's coffers are funded with higher-than-average property taxes. © 2015 CBS Interactive Inc.. All Rights Reserved. Now, let’s take a look at the states with the lowest median property tax rates. How do I vote in my state in the 2020 election? Powered and implemented by FactSet. Alabama come in third was a median rate of 0.33%. The pain isn't equally distributed across New Jersey, given that some towns have significantly higher bills than others. To find the real-estate property tax rates, the site divided each state's "median real-estate tax payment" by its "median home price." Property taxes are used by local governments to pay for schools, police and fire departments, local infrastructure, and other local amenities. Read on to learn about the nine states with the heaviest property tax burdens. The average residential property value in that town is about $1.5 million. Last year, New Jersey had the most outbound moves out of any state in the country, according to United Van Lines' annual national movers study. The high real estate taxes are increasingly a burden on middle-class taxpayers, given that their median incomes have dipped 6 percent since 2000, according to The Pew Charitable Trusts. These nine states rank as carrying the highest property tax burdens for their residents out of all 50 U.S. states, according to a new study from WalletHub. Governor Rick Snyder has reformed property taxes, but declining income and high taxes are eating away at the state's middle class, according to Watchdog.org. The state's high property taxes also unfairly hits middle and low-income homeowners or renters, while pushing some young families and retirees to move out of state in favor of states where property taxes take a smaller bite, the New Hampshire Business Review noted last month. Election Day could turn into "Election Week" with rise in mail ballots, $15 billion worth of homes are foreclosed on, property taxes tend to impact poor and middle-class families, are eating away at the state's middle class, lower homeowners' collective tax bills by a collective $200 million annually, discouraging people from moving to or staying in the state. Some states offer relief through the homestead exemption, although some offer only relief for a portion of property tax, such as for school taxes. Most adults in the United States strive to own their own homes and vehicles. First published on April 8, 2015 / 5:55 AM. High property taxes are hampering the state's businesses, while also harming middle-class families and discouraging people from moving to or staying in the state, according to a report from the Property Tax Working Group of 1000 Friends of Connecticut. California. But that's not enough to keep homeowners in the state. Middle-class homeowners are feeling the pinch in Illinois, thanks to high property taxes and shrinking incomes. Despite the high tax rates and cost of living, Hawaii is considered the happiest state in the country.

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