Top 10 Counties with Lowest Effective Property Tax Rates
New data from ATTOM says the average tax on single-family homes increased at the smallest pace in five years, rising 1.8% from $ 3,719 in 2020 to $ 3,785 in 2021. Interestingly, their report says the latest figures show an average effective tax rate of 0.9%, down from 1.1% in 2020. The data comes from ATTOM’s 2021 Property Tax Analysis report. Indeed…
- States with the highest effective property tax rates in 2021 included Illinois (1.86%), New Jersey (1.73%), Connecticut (1.67%), Vermont (1.55%) and Pennsylvania (1.37%).
- States with the lowest effective tax rates in 2021 were in Hawaii (0.27%), Alabama (0.37%), Utah (0.39%), Arizona (0.41%) and Nevada (0.41%).
In addition, among the 220 metro areas around the country with a population of at least 200k in 2021, 19 of the 20 highest effective tax rates were in the Northeast and Midwest – with nine of the top 10 being in New York, Connecticut and Illinois.
Click here to read the full report at ATTOM.
The post Top 10 Counties with Lowest Effective Property Tax Rates appeared first on Real Estate Investing Today.