Property taxes levied on single family homes in 2017 totaled $293.4 billion, up 6 percent from $277.7 billion in 2016— an effective tax rate of 1.17 percent, according to a report from ATTOM Data Solutions.
ATTOM analyzed records for more than 86 million U.S. single family homes. It found that property taxes in 2017 increased an average of $3,399 per home.
According to ATTOM, the states with the highest property taxes were New Jersey (2.28 percent); Illinois (2.22 percent); Vermont (2.19 percent); Texas (2.15 percent); and New Hampshire (2.06 percent). Other states with the highest effective property tax rates were Pennsylvania (2.02 percent); Connecticut (1.99 percent); New York (1.92 percent); Ohio (1.72 percent); and Wisconsin (1.67 percent).
Among 217 metropolitan statistical areas analyzed in the report with a population of at least 200,000, those with the highest effective property tax rates were Scranton, Pennsylvania (3.93 percent); Binghamton, New York (3.14 percent); Rockford, Illinois (3.03 percent); Rochester, New York (2.93 percent); and El Paso Texas (2.63 percent).
The report also found that property taxes in 2017 increased faster than the national average (3 percent) in Los Angeles (7 percent increase); Dallas (11 percent increase); Houston (10 percent increase); Philadelphia (4 percent increase); and Miami (5 percent increase).
Atlanta (up 4 percent); Boston (up 5 percent); San Francisco (up 6 percent); Riverside-San Bernardino, Calif. (up 5 percent): and Seattle (up 6 percent) also posted increases in average property taxes that were above the national average.
ATTOM identified the states with the lowest effective property tax rates in 2017 as Hawaii (0.34 percent); Alabama (0.49 percent); Colorado (0.51 percent); Tennessee (0.56 percent); and West Virginia (0.57 percent).
Other states in the Top 10 for lowest effective property tax rates were in 2017 were Utah (0.58 percent), Delaware (0.61 percent), South Carolina (0.66 percent), Arkansas (0.68 percent), and Arizona (0.68 percent).