Home Real Estate PROPERTY TAXES ON SINGLE-FAMILY HOMES RISE ACROSS U.S. IN 2021, TO $328...

PROPERTY TAXES ON SINGLE-FAMILY HOMES RISE ACROSS U.S. IN 2021, TO $328 BILLION

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Average Property Tax Also Up 2 percent, to $3,785, as Effective Rate Declines Slightly; Highest Effective Tax Rates in Illinois, New Jersey, Connecticut, Vermont, Pennsylvania

IRVINE, Calif., April 14, 2022 /PRNewswire/ ATTOM, a leading curator ofย real estate dataย nationwide for land and property data, today released its 2021 property tax analysis for almost 87 million U.S. single family homes, which shows that $328 billion in property taxes were levied on single-family homes in 2021, up just 1.6 percent from $323 billion in 2020. That was well down from the 5.4 percent increase seen from 2019 to 2020 and marked the second smallest rise over the past five years.

Meanwhile, the average tax on single-family homes in the U.S. in 2021 increased at the smallest pace in the five years, rising 1.8 percent from $3,719 in 2020 to $3,785 last year. The latest figures resulted in an effective tax rate of 0.9 percent, down from 1.1 percent in 2020.

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