The average tax on single-family homes in the U.S. rose 3% in 2022 to $3,901, according to a just-released property tax analysis by ATTOM, a provider of land, property and real estate data. In 2021, the average tax increase was just 1.8%.
The 2022 data represents an effective tax rate nationwide of 0.83% — down from 0.86% in 2021 and the lowest rate "since at least 2016," ATTOM stated. The company defines the effective tax rate as "the average annual property tax expressed as a percentage of the average estimated market value of homes in each geographic area."
Based on its sample of 87 million single-family homes in the U.S., ATTOM calculated that governments levied $339.8 billion in property taxes, up 3.6% from $328 billion in 2021.
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