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The answer is $10,492.50. Overall, homeowners spend the most on property taxes in New Jersey, which has some of the most elevated effective tax rates in the country.
Property Taxes by State
The state's average practical rate is 2.42% of a home's value, approximated to the national average of 1.07%.
Both the seller and buyer one the duplex for six months per; 1/2 of the year for the seller, and 1/2 for the buyer. Thus, without any other requirements of the purchase agreement, they each equally convey the annual tax bill of
$20,985 / 2 = $10,492.50
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