According to ATTOM’s 2022 Property Tax Analysis for 87 million U.S. single family homes, $339.8 billion in property taxes were levied on single-family homes in 2022. That figure is up 3.6% from 2021, and more than double the 1.6% growth in 2022. In 2022, the effective tax rate nationwide was 0.83 percent. In 2021 that figure was 0.86 percent – the lowest point since at least 2016. ATTOM says that states with the highest effective property tax rates in 2022 were New Jersey (1.79%), Illinois (1.78%), Connecticut (1.57%), Vermont (1.43%) and Nebraska (1.36%).
“Property taxes continued their never-ending climb last year, with wide disparities continuing from one area of the country to another, connected to varying costs, services, and tax bases…” Said Rob Barber, chief executive officer at ATTOM.
Click here to read the full report at ATTOM.
