2017 U.S. Levied Property Taxes at Nearly $300 Billion

ATTOM Data Solutions, Irvine, Calif., said U.S. property taxes levied on single-family homes in 2017 increased by 6 percent to $293 billion.

The company’s analysis of 2017 property taxes on 86 million single-family homes said the average property tax rose to $3,399, a 3 percent increase, resulting in an effective tax rate of 1.17 percent.

ATTOM reported states with the highest effective property tax rates were New Jersey (2.28 percent), Illinois (2.22 percent), Vermont (2.19 percent), Texas (2.15 percent) and New Hampshire (2.06 percent), followed by 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, Pa. (3.93 percent); Binghamton, N.Y. (3.14 percent); Rockford, Ill. (3.03 percent); Rochester, N.Y. (2.93 percent); and El Paso Texas (2.63 percent).

States with the lowest effective property tax rates were Hawaii (0.34 percent); Alabama (0.49 percent); Colorado (0.51 percent); Tennessee (0.56 percent); and West Virginia (0.57 percent). Metro areas with the lowest effective property tax rates were Honolulu (0.33 percent); Montgomery, Ala. (0.36 percent); Tuscaloosa, Ala. (0.41 percent); Colorado Springs, Colo. (0.42 percent); and Greeley, Colo. (0.45 percent).

Among 1,414 U.S. counties with at least 10,000 single family homes, those with the highest average property taxes on single family homes were all in the greater New York metro area, led by Westchester County, N.Y. ($17,179), Rockland County, N.Y. ($12,924), Essex County, N.J. ($11,878), Bergen County, N.J. ($11,585), and Nassau County, N.Y. ($11,415).