Property Taxes by U.S. County

1

U.S. Property Taxes Levied on Single Family Homes in 2017 increased 6% to More Than $293 Billion, according to a recent report by ATTOM Data Solutions.  The conclusion was part of their annual property tax analysis covering more than 86 million single family homes across the U.S.  It shows that, in 2017, property taxes levied on single family homes totaled $293.4 billion.  This figures is 6% higher than 2016 and averages out to nearly $4k per home (an effective rate of 1.17%).  ATTOM’s report analyzed property tax data collected from county tax assessor offices nationwide at the state, metro and county levels along with estimated market values of single family homes calculated using an automated valuation model (AVM). The effective tax rate was the average annual property tax expressed as a percentage of the average estimated market value of homes in each geographic area.

Key takeaways:

  • Average Property Tax Was $3,399, Up 3% and Effective Tax Rate of 1.17%
  • Highest Effective Tax Rates in New Jersey, Illinois, Vermont, Texas, New Hampshire
  • Average Property Taxes Nearly Twice as High in Politically Blue Counties as in Red Counties

Click on the map to view it interactively

Click here to read the full report at attomdata.com.

 

About Author

Director of Education & Outreach, National Real Estate Investors Association