Property taxes levied on single-family homes in 2019 totaled $306.4 billion, up 1 percent from $304.6 billion in 2018, according to an analysis by ATTOM Data Solutions.
ATTOM’s analysis found an average tax amount of $3,561 per home — an effective tax rate of 1.14 percent, down from the effective property tax rate of 1.16 percent in 2018. The average property taxes of $3,561 for a single-family home in 2019 increased 2 percent from the average property tax of $3,498 in 2018.
“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.” ATTOM Chief Product Officer Todd Teta said in a release.
“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,” Teta said. “But on balance, 2019 was a relatively mild year for taxpayers around the nation.”
According to the analysis, the states with the highest effective property tax rates in 2019 were Illinois (2.22 percent); New Jersey (2.19 percent); Texas (2.11 percent); Vermont (2.11 percent); and Connecticut (2.04 percent).
The states with the lowest effective property tax rates in 2019 were Hawaii (0.36 percent); Alabama (0.48 percent); Colorado (0.52 percent); Utah (0.56 percent); and Nevada (0.58 percent).
ATTOM said the metropolitan areas with the highest effective property tax rates in 2019 were Binghamton, N.Y. (3.11 percent); Syracuse, N.Y. (3 percent); Rockford, Ill. (2.84 percent); Rochester, N.Y. (2.80 percent); and Atlantic City, N.J. (2.60 percent).
The metropolitan areas with the lowest effective property tax rates in 2019 were Daphne, Ala. (0.33 percent); Honolulu, Hawaii (0.35 percent); Montgomery, Ala. (0.38 percent); Tuscaloosa, Ala. (0.39 percent); and Colorado Springs, Colo. (0.41 percent).