The average property taxes of $3,561 for a single-family home in 2019 was up 2 percent from the average property tax of $3,498 in 2018, and the effective property tax rate of 1.14 percent in 2019 was down from the effective property tax rate of 1.16 percent in 2018, according to an analysis by ATTOM Data Solutions.
The analysis of more than 86 million U.S. single family homes, showed that total property taxes levied on single family homes in 2019 totaled $306.4 billion, up 1 percent from $304.6 billion in 2018 and an average tax amount of $3,561 per home — an effective tax rate of 1.14 percent.
“Property taxes levied on homeowners rose again in 2019 across most of the country. But 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,” said 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.”
Illinois, New Jersey, Texas, Vermont, Connecticut post highest property tax rates
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).
Other states in the top 10 for highest effective property tax rates were New Hampshire (1.93 percent), New York (1.87 percent), Pennsylvania (1.75 percent), Ohio (1.68 percent), and Nebraska (1.57 percent).
Hawaii, Alabama, Colorado, Utah, Nevada post lowest property tax rates
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).
Other states in the top 10 for lowest effective property tax rates were Tennessee (0.61 percent); West Virginia (0.61 percent), Delaware (0.62 percent), Arizona (0.63 percent), and Wyoming (0.65 percent).
11 counties with average annual property taxes of more than $10,000
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).