Home Values Rose and Effective Tax Rates Fell; The Average Single-Family Home Property Tax Bill Rose 6 Percent, to $4,300; Highest Tax Rates Remain in the Northeast and Midwest
IRVINE, Calif. — April 17, 2025 – Updated July 2025: This version includes newly added 2024 property tax data for New York. Figures at the national, state, and metro levels have been revised accordingly. ATTOM, a leading curator of land, property data, and real estate analytics, today released its 2024 property tax analysis for over 89 million U.S. single-family homes, which shows that $382.7 billion in property taxes were levied on single-family homes in 2024, up 5.3 percent from 2023.
The report also shows that the average tax on a single-family home in the U.S. rose to $4,300 in 2024, a 5.8 percent increase over the previous year. In 2023, the average tax on a single-family home had increased 4.1 percent over the prior year.
Nationwide, the average effective tax rate for single-family homes was 0.86 percent in 2024, down slightly from the average effective nationwide tax rate of 0.87 percent in 2023. Please see full methodology below.
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 shows the average annual property tax expressed as a percentage of the average estimated market value of homes in each geographic area.
The drops in effective tax rates seen through much of the country came as estimated home values rebounded to a nationwide average of $502,831, a 8.3 percent increase over the previous year. In 2023, the national average home value had dropped for the first time in years, by 1.7 percent from 2022 values.
Home mortgage rates, which had been on a steep upward trajectory since mid-2021, leveled off in 2024, although they still remain near their highest point over the past decade.
“While rising home values can influence property taxes, they don’t automatically lead to higher bills for homeowners,” said Rob Barber, CEO at ATTOM. “In many areas, we’ve seen taxes increase not just due to property appreciation, but also because of growing costs to operate local governments and schools or shifts in how tax burdens are distributed.” He added, “That said, regional disparities remain clear—with higher home values and effective tax rates in parts of the Northeast and Midwest often helping to support more robust local services, compared to the generally lower values and rates in the South and West.”
Highest effective property tax rates remain in Northeast and Midwest
The 10 states with the highest effective tax rates in 2024 were all in the Northeast and middle of the country, led by Illinois (1.75 percent), New Jersey (1.56 percent), Connecticut (1.49 percent), Vermont (1.42 percent), and Ohio (1.29 percent).
The effective rates in all five of those states were slightly lower than the previous year, except for Vermont, which saw a 0.13 percent increase. Rounding out the top 10 in 2024 were New York (1.28 percent), New Hampshire (1.27 percent), Iowa (1.25 percent), Pennsylvania (1.18 percent), and Nebraska (1.16 percent).
Lowest effective rates were in the South and West
Nine of the 10 states, with the lowest effective tax rates for single-family homes were in the South and West of the country. Hawaii had the lowest rate (0.32 percent), followed by Idaho (0.40 percent), Delaware (0.41 percent), Arizona (0.41 percent), and Alabama (0.42 percent).
Rounding out the 10 states with the lowest rates were Utah (0.43 percent), Tennessee (0.46 percent), West Virginia (0.47 percent), Wyoming (0.49 percent), and Colorado (0.5 percent).
Tax bills remain highest in the Northeast
Due to the combination of more valuable homes and generally higher tax rates, average tax bills in Northeastern states are the highest in the country. New Jersey’s average property tax bill for a single-family home—$10,134, the highest in the nation—was nearly 10 times higher than West Virginia’s $1,027, the lowest.
Following New Jersey, the states with the highest average tax bill were Connecticut ($8,690), New Hampshire ($7,922), Massachusetts ($7,894), and New York ($7,821).
The states with the lowest average tax bills after West Virginia were Alabama ($1,278), Arkansas ($1,389), Mississippi ($1,451), and Kentucky ($1,651).
The Northeast had many of the highest effective tax rates among large metro areas
Among the 224 metropolitan statistical areas around the country with a population of at least 200,000, 11 of the 25 with the highest effective tax rate for single-family homes in 2024 were in the Northeast.
In those metro areas, the highest effective property tax rates were Binghamton, NY (2.46 percent); Rockford, IL (2.01 percent); Peoria, IL (2.01 percent); Champaign-Urbana, IL (2.00 percent); Springfield, IL (1.98 percent).
The lowest effective tax rates were in Buffalo, NY (0.20 percent); Salisbury, MD (0.27 percent); Knoxville, TN (0.32 percent); Honolulu, HI (0.33 percent); and Johnson City, TN (0.33 percent).
Among the 56 metro areas with populations over 1 million, the highest effective tax rates were in; Hartford, CT (1.75 percent); Rochester, NY (1.74 percent); Chicago, IL (1.68 percent); Cleveland, OH (1.58 percent); and Columbus, OH (1.42 percent).
In the largest metro areas, the lowest tax rates including Buffalo, NY and Honolulu, HI were in Phoenix, AZ (0.37 percent); Salt Lake City, UT (0.46 percent); and Nashville, TN (0.48 percent).
Property tax bills grew above national average in over half of major U.S. metro areas
Among the 224 metro areas with 200,000 or more residents, 122 saw the average single-family home property tax bill increase by more than the national average of 5.8 percent.
The metro areas with populations over 1 million that had the largest increases in average tax bills were New Orleans, LA (28.5 percent); Birmingham, AL (26.9 percent); Milwaukee, WI (25.4 percent), Rochester, NY (22.6 percent); and Raleigh, NC (21.3 percent).
Average annual property tax tops $10,000 in 25 large counties
Among 1,501 U.S. counties with at least 10,000 single-family homes in 2024, 25 had an average property tax bill of more than $10,000.
The counties with the highest average tax bills were Bastrop County, TX ($28,293); Westchester County, NY ($16,351); Marin County, CA ($15,882); Rockland County, NY ($13,995); and Essex County, NJ ($13,988).
Report Methodology
ATTOM’s 2024 property tax analysis is based on tax assessor data for more than 85 million U.S. single-family homes, collected from 1,438 counties nationwide with sufficient data to analyze. The average tax bill is calculated by dividing the total taxes levied by the number of homes in each area. Estimated market values are based on ATTOM’s automated valuation model (AVM), and effective tax rates are computed by dividing the average tax bill by the average estimated home value.
Update as of July 2025:
This analysis was originally published in April 2025 using 2024 property tax data. At the time of release, New York (state, MSA, and county-level data) was excluded due to data availability limitations from our third-party provider. As of July 2025, New York data has been added to the analysis. This inclusion has resulted in updated figures at the national, state, metro areas, and county level.
About ATTOM
ATTOM powers innovation across industries with premium property data and analytics covering 158 million U.S. properties—99% of the population. Our multi-sourced real estate data includes property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, neighborhood and geospatial boundary information, all validated through a rigorous 20-step process and linked by a unique ATTOM ID.
From flexible delivery solutions—such as Property Data APIs, Bulk File Licenses, Cloud Delivery, Real Estate Market Trends—to AI-Ready datasets, ATTOM fuels smarter decision-making across industries including real estate, mortgage, insurance, government, and more.
Media Contact:
Megan Hunt
megan.hunt@attomdata.com
Data and Report Licensing:
datareports@attomdata.com
