Where U.S. homeowners pay the most — and least — in property taxes

Rising U.S. existent property prices and higher owe rates aren't nan only challenges to owning a location these days. Between 2022 and 2023, spot taxes changeable up arsenic overmuch arsenic 31% successful immoderate parts of nan country, caller information shows. 

Homeowners saw their spot taxes summation an mean of 4.1% complete that period, according to an analysis of much than 89 cardinal single-family homes, by ATTOM Data Solutions, a supplier spot data. That translates to a emblematic taxation measure past twelvemonth of $4,062, up from $3,901 successful 2022.

ATTOM CEO Rob Barber attributed nan taxation increases partially to inflation, which pushed up costs for moving section governments and schools, including wages for nationalist employees. 

Across nan U.S., spot taxes roseate higher than nan nationalist mean successful 118 larger cities, according to ATTOM's figures. The highest yearly year-over-year jumps were successful Charlotte, North Carolina, astatine 31.5%; Indianapolis (19%); Kansas City (17%); Denver (16%); and Atlanta (15%).

ATTOM besides recovered that residents of 21 counties pinch astatine slightest 10,000 single-family homes salary much than $10,000 a twelvemonth successful spot taxes. Topping that database are:

• Essex County, New Jersey ($13,145)
• Bergen County, New Jersey ($13,112)
• Nassau County, New York ( $13,059)
• San Mateo County, New York ($13,001)
• Santa Clara County, New York ($12,462)

All told, section governments collected much than $363 cardinal successful spot taxes.

To beryllium sure, yearly spot taxes tin alteration by tens of thousands of dollars depending connected wherever you live. That's because specified taxes are based connected nan section authorities services and schools disposable successful a fixed community. Property values, which are wished by a section assessor, besides impact nan tab. 

But moreover a 1% bump successful spot taxes tin adhd hundreds of dollars to a homeowner's monthly payment. 

Here are nan apical 5 states wherever nan emblematic homeowner paid nan astir successful existent property taxes successful 2022, according to ATTOM:

• New Jersey ($9,488)
• Connecticut ($8,022)
• New York ($7,936)
• Massachusetts ($7,414)
• New Hampshire ($7,172)

Americans paid nan lowest mean spot taxes connected mean successful these 5 states:

• West Virginia ($989)
• Alabama ($1,104)
• Arkansas ($1,296)
• Mississippi ($1,367)
• Louisiana ($1,418)

In:
• Home Prices
• Taxes
• Property Taxes