According to ATTOM’s 2022 Property Tax Analysis for 87 million U.S. single family homes, $339.8 billion in property taxes were levied on single-family homes in 2022. That figure is up 3.6 percent from $328 billion in 2021, and more than double the 1.6 percent growth last year; although smaller than the 5.4 percent increase the prior year.
ATTOM’s latest property tax analysis reported the average tax on single-family homes in the U.S. increased 3 percent in 2022, to $3,901, after rising 1.8 percent the previous year. According to the report, the latest average tax resulted in an effective tax rate nationwide of 0.83 percent. That figure is down slightly from 0.86 percent in 2021 to the lowest point since at least 2016.
The report found that states with the highest effective property tax rates in 2022 were New Jersey (1.79 percent), Illinois (1.78 percent), Connecticut (1.57 percent), Vermont (1.43 percent) and Nebraska (1.36 percent). The report noted that other states in the top 10 for highest effective property tax rates were Pennsylvania (1.29 percent), New Hampshire (1.28 percent), Ohio (1.27 percent), New York (1.26 percent) and Iowa (1.25 percent).
ATTOM’s 2022 property tax analysis also reported that the lowest effective tax rates in 2022 were in Hawaii (0.30 percent), Alabama (0.37 percent), Arizona (0.39 percent), Colorado (0.40 percent) and Tennessee (0.42 percent). The report mentioned that other states in the top 10 for lowest effective property tax rates last year were Utah (0.44 percent), Nevada (0.44 percent), Idaho (0.46 percent), South Carolina (0.46 percent) and West Virginia (0.47 percent).
In this post, we take a deep dive into the data behind ATTOM’s 2022 property tax analysis to uncover the top 10 U.S. counties with the highest effective property tax rates, among those counties with 10,000 or more single family homes in 2022 and populations over 100,000. Those counties include: Monroe County, NY (2.63 percent); Saint Lawrence County, NY (2.49 percent); Camden County, NJ (2.41 percent); Gloucester County, NJ (2.25 percent); Mercer County, NJ (2.24 percent); De Kalb County, IL (2.20 percent); Broome County, NY (2.19 percent); Sussex County, NJ (2.17 percent); Passaic County, NJ (2.14 percent); and Rock Island County, IL (2.14 percent).
Also, in this post, we take a deep dive into the data behind this report to uncover the top 10 U.S. counties with the lowest effective property tax rates, among those counties with 10,000 or more single family homes in 2022 and populations over 100,000. Those counties include: Maui County, HI (0.22 percent); Sussex County, DE (0.24 percent); Houston County, AL (0.27 percent); Honolulu County, HI (0.28 percent); Baldwin County, AL (0.29 percent); Morgan County, AL (0.31 percent); Williamson County, TN (0.32 percent); Knox County, TN (0.32 percent); Wilson County, TN (0.33 percent); Yavapai County, AZ (0.33 percent).
ATTOM’s property tax 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 is the average annual property tax expressed as a percentage of the average estimated market value of homes in each geographic area.
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