ATTOM Data Solutions, curator of the nation’s premier property database and first property data provider of Data-as-a-Service (DaaS), today released its 2019 property tax analysis for more than 86 million U.S. single family homes, which shows that property taxes levied on single family homes in 2019 totaled$306.4 billion, up 1 percent from$304.6 billionin 2018 and an average tax amount of$3,561per home — an effective tax rate of 1.14 percent.
The average property taxes of$3,561for a single-family home in 2019 was up 2 percent from the average property tax of$3,498in 2018, and the effective property tax rate of 1.14 percent in 2019 was down from the effective property tax rate of 1.16 percent in 2018.
View 2019 Property Taxes by County Heat Map
The 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.
“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,” saidTodd Teta, chief product officer for ATTOM Data Solutions. “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. But on balance, 2019 was a relatively mild year for taxpayers around the nation.”
Illinois,New Jersey,Texas,Vermont,Connecticutpost highest property tax rates
States with the highest effective property tax rates wereIllinois(2.22 percent),New Jersey(2.19 percent),Texas(2.11 percent),Vermont(2.11 percent), andConnecticut(2.04 percent).
Other states in the top 10 for highest effective property tax rates wereNew Hampshire(1.93 percent),New York(1.87 percent),Pennsylvania(1.75 percent),Ohio(1.68 percent), andNebraska(1.57 percent).
Among 220 metropolitan statistical areas analyzed in the report with a population of at least 200,000, those with the highest effective property tax rates wereBinghamton, New York(3.11 percent);Syracuse, New York(3.00 percent);Rockford, Illinois(2.84 percent);Rochester, New York(2.80 percent); andAtlantic City, New Jersey(2.60 percent).
Property taxes increase faster than national average in 56 percent of markets
Out of the 220 metropolitan statistical areas analyzed in the report, 123 (56 percent) posted an increase in average property taxes above the national average of 2 percent, includingAtlanta, Georgia(9 percent increase),Phoenix, Arizona(9 percent increase);Miami, Florida(5 percent increase);Washington, DC(4 percent increase); andBoston, Massachusetts(4 percent increase).
Other major markets posting an increase in average property taxes that was above the national average wereDetroit, Michigan(up 9 percent);Austin, Texas(up 9 percent);Denver, Colorado(up 8 percent);Las Vegas, Nevada(up 7 percent); andCharlotte, North Carolina(up 5 percent).
Hawaii,Alabama,Colorado,Utah,Nevadapost lowest property tax rates
States with the lowest effective property tax rates wereHawaii(0.36 percent),Alabama(0.48 percent),Colorado(0.52 percent),Utah(0.56 percent), andNevada(0.58 percent).
Other states in the top 10 for lowest effective property tax rates wereTennessee(0.61 percent);West Virginia(0.61 percent),Delaware(0.62 percent),Arizona(0.63 percent), andWyoming(0.65 percent).
Among the 220 metro areas analyzed for the report, those with the lowest effective property tax rates wereDaphne, Alabama(0.33 percent);Honolulu, Hawaii(0.35 percent);Montgomery, Alabama(0.38 percent);Tuscaloosa, Alabama(0.39 percent); andColorado Springs, Colorado(0.41 percent).
11 counties with average annual property taxes of more than$10,000
Among 1,448 U.S. counties with at least 10,000 single family homes, those with the highest average property taxes on single-family homes were largely located in the greaterNew Yorkmetro area, led byWestchester County, New York($18,103);Rockland County, New York($13,048);Marin County, California($12,250);Essex County, New Jersey($12,206); andNassau County,New Jersey($11,952).
Photo by Sharon McCutcheon.