NJ Stats: State Property Tax Collections as a Percentage of Income, July 2015

Rank State Percentage of Income
1 Delaware 1.24
2 Alabama 1.62
3 Oklahoma 1.66
4 Louisiana 1.83
5 New Mexico 2.02
6 North Dakota 2.05
7 Arkansas 2.08
8 Hawaii 2.12
9 Kentucky 2.13
9 Tennessee 2.13
11 North Carolina 2.26
12 Utah 2.40
13 Nevada 2.51
14 Indiana 2.54
15 West Virginia 2.55
16 Missouri 2.60
17 Oregon 2.69
18 Idaho 2.73
19 Georgia 2.77
20 South Dakota 2.80
21 Washington 2.84
22 Colorado 2.90
23 Maryland 2.93
24 Virginia 2.94
24 California 2.94
26 Arizona 2.97
27 Mississippi 3.00
28 Minnesota 3.11
29 Ohio 3.12
30 South Carolina 3.24
31 Kansas 3.31
32 Texas 3.33
33 Pennsylvania 3.34
34 Alaska 3.37
35 Iowa 3.50
36 Nebraska 3.54
37 Florida 3.66
38 Michigan 3.81
39 Massachusetts 3.86
40 Montana 4.13
41 Wyoming 4.22
42 Illinois 4.30
43 Wisconsin 4.47
44 New York 4.58
45 Connecticut 4.78
46 Maine 5.17
47 Rhode Island 5.36
48 Vermont 5.77
49 New Jersey 5.91
50 New Hampshire 6.01


50 State Average: 3.22%
New Jersey is 83.5% higher than the average.

Source:
Jared Walczak, Scott Drenkard, & Joseph Henchman. “Table 21: State Property Tax Rates and Capital Stock Tax Rates.” 2016 State Business Tax Climate Index. The Tax Foundation. November 2015. Accessed January 2016. http://taxfoundation.org/article/2016-state-business-tax-climate-index

July 2014

Rank State Percentage of Income
1 Alabama 1.55
2 Oklahoma 1.56
3 Delaware 1.78
4 Arkansas 1.83
5 New Mexico 1.93
6 Louisiana 2.01
7 Kentucky 2.03
8 Tennessee 2.19
9 Hawaii 2.25
10 North Dakota 2.28
11 West Virginia 2.31
12 North Carolina 2.50
13 Missouri 2.58
14 Idaho 2.64
15 Mississippi 2.68
16 South Dakota 2.70
17 Indiana 2.72
17 Utah 2.72
19 Maryland 2.86
20 Washington 2.91
21 Georgia 2.95
22 Virginia 2.99
23 Nevada 3.00
24 Ohio 3.01
25 Pennsylvania 3.09
25 South Carolina 3.09
27 Arizona 3.14
28 California 3.27
29 Kansas 3.34
30 Florida 3.45
30 Minnesota 3.45
32 Iowa 3.47
33 Oregon 3.49
34 Nebraska 3.69
35 Colorado 3.72
36 Montana 3.74
37 Massachusetts 3.78
38 Michigan 3.79
39 Texas 3.87
40 Illinois 4.30
41 Wisconsin 4.36
42 Connecticut 4.45
43 Wyoming 4.54
44 Alaska 4.55
45 New York 4.57
46 Maine 4.72
47 Rhode Island 4.93
48 Vermont 5.29
49 New Hampshire 5.49
50 New Jersey 5.52


50 State Average Score:
3.26%

New Jersey is 69.3% higher than the Average

Source: Scott Drenkard & Joseph Henchman. ‚ÄúTable 21: State Property Tax Rates and Capital Stock Tax Rates.” 2015 State Business Tax Climate Index. The Tax Foundation. October 2014. http://taxfoundation.org/article/2015-state-business-tax-climate-index