ATTOM Data Solutions’ new analysis of 2019 U.S. property tax data shows that property taxes levied on single family homes totaled $306.4 billion, up 1% from $304.6 billion in 2018 and representing an average tax amount of $3,561 per home – an effective tax rate of 1.14%.
The average property taxes of $3,561 for a single-family home in 2019 was up 2% from the average property tax of $3,498 in 2018, and the effective property tax rate of 1.14% in 2019 was down from the effective property tax rate of 1.16% in 2018.
“The nationwide increase was the smallest in the last three years, a sign that cities, towns and counties are taking stronger steps to clamp down on how much they hit up property owners to support schools and local government services,” says Todd Teta, chief product officer for ATTOM Data Solutions. “Without major changes in the way local government and educational systems are funded, demands for good schools and other services will continue to put upward pressure on property taxes. But on balance, 2019 was a relatively mild year for taxpayers around the nation.”
States with the highest effective property tax rates were Illinois (2.22 percent), New Jersey (2.19 percent), Texas (2.11 percent), Vermont (2.11 percent), and Connecticut (2.04 percent).
Among 220 metropolitan statistical areas analyzed in the report with a population of at least 200,000, those with the highest effective property tax rates were Binghamton, New York (3.11 percent); Syracuse, New York (3.00 percent); Rockford, Illinois (2.84 percent); Rochester, New York (2.80 percent); and Atlantic City, New Jersey (2.60 percent).
States with the lowest effective property tax rates were Hawaii (0.36 percent), Alabama (0.48 percent), Colorado (0.52 percent), Utah (0.56 percent), and Nevada (0.58 percent).
Among the 220 metro areas analyzed for the report, those with the lowest effective property tax rates were Daphne, Alabama (0.33 percent); Honolulu, Hawaii (0.35 percent); Montgomery, Alabama (0.38 percent); Tuscaloosa, Alabama (0.39 percent); and Colorado Springs, Colorado (0.41 percent).
Among 1,448 U.S. counties with at least 10,000 single family homes, those with the highest average property taxes on single-family homes were largely located in the greater New York metro area, led by Westchester County, New York ($18,103); Rockland County, New York ($13,048); Marin County, California ($12,250); Essex County, New Jersey ($12,206); and Nassau County, New Jersey ($11,952).