Average Property Tax Bill Rose 3% in 2025, ATTOM Finds

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ATTOM, Irvine, Calif., reported that $396.8 billion in property taxes were levied on more than 89.6 million single-family homes last year, up 3.7% from 2024.

The firm’s annual property tax analysis found the average single-family home, with an estimated value of $494,231, generated $4,427 in taxes in 2025, a 3% increase over the prior year.

Nationwide, the effective tax rate for single-family homes in 2025 was 0.9%, up from 0.86% in 2024 and the highest since 2020, when the national effective tax rate was 1.1%.

The increase in effective tax rate corresponded with a drop in average estimated home value between 2024 and 2025. The $494,231 national average estimated value for a single-family home in 2025 was down 1.7% year-over-year, but 2024 had marked a significant increase over the years prior, meaning that 2025’s average estimated value for single-family homes was still one of the highest recorded.

ATTOM CEO Rob Barber noted property taxes in 2025 demonstrated that tax bills reflect more than just home values. “Even with a slight dip in prices, higher tax bills combined with declining home values led to an increase in effective tax rates, underscoring the role of local government costs and shifting tax policies,” he said. “Regional disparities persist, with the Northeast and Midwest continuing to see the highest burdens.”

ATTOM found the highest effective tax rates were concentrated in the Northeast and Midwest, led by Illinois (1.84%), New Jersey (1.58%), Vermont (1.4%), Connecticut (1.36%) and Ohio (1.32%).

The states with the lowest effective tax rates in 2025 were Hawaii (0.33%), Idaho (0.39%), Wyoming (0.4%), Arizona (0.43%) and Alabama (0.43%).

Highest effective tax rate metros concentrated in the Northeast and Midwest

The 25 metropolitan statistical areas with the highest effective rates in ATTOM’s analysis were almost all in the Northeast or Midwest, led by Binghamton, N.Y. (2.27%); Champaign, Ill. (1.95%); Trenton, N.J. (1.89%); Peoria, Ill. (1.88%); and Rockford, Ill. (1.86%). (Metro areas were included in the analysis if they had populations over 200,000 and sufficient data to analyze.)

ATTOM analyzed tax assessor data for more than 86 million U.S. single-family homes, collected from 1,500 counties nationwide with sufficient data to analyze for its report.