Illinois has the highest median property tax rate in the nation, with various agencies and entities taking a combined 2.67 percent bite, according to a CoreLogic analysis of real estate property taxes nationwide.
Nationally, the median property tax rate is 1.31 percent, said the Irvine, Calif.-based data provider to financial services and real estate companies. That means that a home valued at $200,000 will, on average, pay annual total property taxes of $2,620.
In Illinois, that homeowner would pay $5,340. […]
After Illinois, the states with the highest median property tax rates are: New York, 2.53 percent; New Hampshire, 2.4 percent; and New Jersey, 2.37 percent. […]
Recent studies by both WalletHub, a personal finance website, and the nonprofit Tax Foundation, both based in Washington, D.C., found that Illinois had the second-highest property taxes in the nation, after New Jersey.