The article has been automatically translated into English by Google Translate from Russian and has not been edited.
Переклад цього матеріалу українською мовою з російської було автоматично здійснено сервісом Google Translate, без подальшого редагування тексту.
Bu məqalə Google Translate servisi vasitəsi ilə avtomatik olaraq rus dilindən azərbaycan dilinə tərcümə olunmuşdur. Bundan sonra mətn redaktə edilməmişdir.

New tax rules that residents of five states will not like

The recent federal tax code revises limits on contributions to state and local taxes, which include property taxes. This can be a costly treat for taxpayers in many states, writes Money Talks.

Фото: Depositphotos

WalletHub recently published a state property tax rating. They shed light on those who will pay more when the tax time comes.

Property tax

The financial data website reports that the average American family spends $ 2 197 on property taxes annually.

For each state and Washington, DC, WalletHub calculated annual property taxes for a house worth $ 184 700. This is the average cost of housing in the US, according to the latest Census Bureau data.

Based on these calculations, here are the 5 states with the highest real estate taxes:

  1. New Jersey: $ 4 437
  2. Illinois: $ 4 288
  3. New Hampshire: $ 4 038
  4. Connecticut: $ 3,733
  5. Wisconsin: $ 3,602.

The state where property tax is the least paid is Hawaii. For a house worth $ 185 000 annual tax is $ 501.

Vehicle tax

In 27 states that charge vehicle taxes, the average cost is $ 436 per year.

The five states with the highest vehicle taxes (for the 2018 cost in February, the 4-door sedan Toyota Camry LE, the best-selling car 2017 of the year):

  1. Rhode Island: $ 1 144
  2. Virginia: $ 971
  3. Mississippi: $ 813
  4. South Carolina: $ 651
  5. Connecticut: $ 609.

Among 27 states that impose taxes on transportation, Louisiana has the lowest number. Taxes on a car worth $ 24 000 will cost you only $ 24 per year.

Read also on ForumDaily:

4 way to avoid paying taxes without breaking the law

How to self-file a tax return in the US: 10 important tips

How to declare bankruptcy in the USA

Miscellaneous In the U.S. tax real estate cars
Subscribe to ForumDaily on Google News

Let's face the crisis together and support each other

Thank you for staying with us and trusting! Over the past 5 years, we have received a lot of grateful feedback from readers, whom our materials have helped to arrange life after moving to the United States. We have big plans, we do not want to stop or slow down the pace of work. Even now…

The COVID-19 pandemic has negatively affected our income, and in order to stay afloat, we have to ask YOU for support. We will be grateful for any amount and will make every effort to continue to publish news and a lot of useful information just as quickly.

Thank you for being with us!

Always yours, ForumDaily!

Security of contributions is guaranteed by the use of the highly secure Stripe system.

Do you want more important and interesting news about life in the USA and immigration to America? Subscribe to our page in Facebook. Choose the "Display Priority" option and read us first. Also, don't forget to subscribe to our РєР ° РЅР ° Р »РІ Telegram - there are many interesting things. And join thousands of readers ForumDaily Woman и ForumDaily New York - there you will find a lot of interesting and positive information. 

1127 requests in 2,266 seconds.