Property taxes levied on single-family homes in the United States increased 3.6% to $339.8 billion in 2022, according to a new report from a real estate data firm. That’s up from $328 billion in 2021. The 2022 increase was more than double the 1.6% growth in 2021, but smaller than the 5.4% increase in 2020, according to the report from ATTOM, a property data provider. The report also shows that the average tax on single-family homes in the U.S. increased 3% in 2022, to $3,901, after rising 1.8% in 2021. The latest average tax resulted in an effective tax rate nationwide of 0.83%. That was down slightly from 0.86% in 2021 to the lowest point since at least 2016.
Source: Derby Informer | News
