Bay State high for property, vehicle tax bills
Massachusetts has the country's sixth-highest average residential property tax bill and seventh-highest average vehicle tax bill, according to a new study.
The average single-family residential homeowner paid $3,989 in 2015, according to the consumer website WalletHub. That's behind only New Jersey, Connecticut, New Hampshire, New York and Illinois.
The Bay State had the fourth-highest average home value, at $333,100.
Alabama had the lowest typical residential property tax bill, at only $543. An average house there is worth only $125,500.
Vehicle taxes, meanwhile, are also high in Massachusetts, WalletHub found. The typical Bay State resident paid $519 in motor vehicle taxes in 2015, behind only those living in South Carolina, Maine, Connecticut, Mississippi, Virginia and Rhode Island.
Rhode Island residents pay an average of $1,100 on motor vehicle taxes.
The average tax bill was found using a car valued at $23,000, which WalletHub said was the price of the top-selling car last year, a Toyota Camry.
Not every state taxes residents on the cars they drive. In fact, 23 states, including Vermont, plus the District of Columbia, have no motor vehicle taxes.
WBJ Web Partners
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