Many homeowners faced higher property tax bills in 2017. Property taxes levied on single-family homes in 2017 totaled $293.4 billion, up 6 percent from 2016.
The average property tax on a single-family home in 2017 was $3,399 per home at an effective tax rate of 1.17 percent, according to ATTOM Data Solutions, a real estate data firm, from its analysis of more than 86 million U.S. single-family homes.
But some places saw much higher rates than that. The highest effective tax rates were in New Jersey (2.28 percent), Illinois (2.22 percent), Vermont (2.19 percent), Texas (2.15 percent), and New Hampshire (2.06 percent), according to the study.
Property taxes rose faster than the 3 percent national average in 58 percent of the 217 markets studied, ATTOM notes. For example, Dallas posted an 11 percent rise; Houston a 10 percent increase; and Los Angeles saw a 7 percent increase.
On the other hand, the states with the lowest effective property taxes were Hawaii (0.34 percent), Alabama (0.49 percent), Colorado (0.51 percent), Tennessee (0.56 percent), and West Virginia (0.57 percent).
ATTOM Data Solutions analyzed property tax data from county tax assessor offices across the country at the state, metro, and county levels and estimated market values of single-family homes using an automated valuation model.
Source: ATTOM Data Solutions
