Kansas Makes The List for Highest Vehicle Property Taxes

 

Each year, the average American household spends $2,197 on real-estate property taxes plus another $436 for residents of the 27 states with vehicle property taxes. According to the National Tax Lien Association more than $14 billion in property taxes go unpaid each year.

WalletHub released its 2018 Property Taxes by State report, which compares home and vehicle taxes across the US.

States with Highest Vehicle Property Taxes:

Effective Vehicle Tax Rate:                                    Annual Taxes on $24K Car:

Iowa                  1.00%                                                               $240

Colorado           1.79%                                                               $428

Kansas              2.06%                                                              $495

Missouri             2.50%                                                               $600

Virginia              4.05%                                                               $971

Rhode Island     4.77%                                                              $1,144

*$24,000 is the value of a Toyota Camry LE four-door sedan (as of February 2018), the highest-selling car of 2017.

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