BIG DATA SANDBOX
States with the Highest Effective Property Tax Rate &
States with the Highest Effective Property Tax Rate
If you are a single-family homeowner, knowing how property taxes will affect your wallet is a must. Therefore, ATTOM Data Solutions wanted to reveal those top 10 states where the effective tax rate was ranking the highest in the nation in 2018. To arrive at the effective tax rate, ATTOM analyzed property tax data collected from county tax assessor offices for each state, along with estimated market values of single-family homes calculated using an automated valuation model (AVM). The effective tax rate was the average annual property tax expressed as a percentage of the average estimated market value of homes in each geographic area.
Effective Tax Rate Average Tax Amount
NEWJERSEY
ILLINOIS
TEXAS
VERMONT
CONNECTICUT
2.25%
$ 8,780
2.02%
$ 7,222
2.22%
$ 5,048
2.18%
$ 5,265
2.16%
$ 5,331
NEWHAMPSHIRE
NEWYORK
PENNSYLVANIA
OHIO
WISCONSIN
1.86%
$ 6,947
1.79%
$ 3,720
1.99%
$ 6,253
1.69%
$ 2,766
1.58%
$ 3,206
METHODOLOGY The 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 was the average annual property tax expressed as a percentage of the average estimated market value of homes in each geographic area.
22 think realty housing news report
june 2019 23
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