We might all feel the squeeze of property taxes here on Long Island but New York State isn’t even the highest property tax state, according to a new report by WalletHub.com, a personal finance website.
In 2022, New York ranked 9th in effective real estate tax rate at 1.72%. The number one spot goes to our neighbors in New Jersey at 2.49%. You might be surprised to learn that states like Nebraska (1.73%) and Texas (1.80%) rank higher on the list.
New York doesn’t even come in on top for median home values, according to the site. With a median home valued at $313,700, New York is lower than number one ranked Hawaii ($615,300) and Washington D.C. ($601,500).
Data from WalletHub.com:
| Rank | State | Effective Real-Estate Tax Rate |
| 1 | New Jersey | 2.49% |
| 2 | Illinois | 2.27% |
| 3 | New Hampshire | 2.18% |
| 4 | Connecticut | 2.14% |
| 5 | Vermont | 1.90% |
| 6 | Wisconsin | 1.85% |
| 7 | Texas | 1.80% |
| 8 | Nebraska | 1.73% |
| 9 | New York | 1.72% |
| 10 | Rhode Island | 1.63% |