The average single-family home, with an estimated value of $494,231, generated $4,427 in taxes during 2025, a 3% year-year-over increase, according to new data from ATTOM.
Last year, $396.8 billion in property taxes were levied on more than 89.6 million single-family homes, up 3.7% from 2024. Nationwide, the effective tax rate for single-family homes in 2025 was 0.9%, up from 0.86% in 2024 and the highest since 2020 when the national effective tax rate was 1.1%.
The highest effective tax rates were concentrated in the Northeast and Midwest, led by Illinois (1.84%), New Jersey (1.58%), Vermont (1.4%), Connecticut (1.36%), and Ohio (1.32%). The states with the lowest effective tax rates in 2025 were Hawaii (0.33%), Idaho (0.39%), Wyoming (0.4%), Arizona (0.43%), and Alabama (0.43%).
“Property taxes in 2025 demonstrate that tax bills reflect more than just home values,” said Rob Barber, CEO at ATTOM. “Even with a slight dip in prices, higher tax bills combined with declining home values led to an increase in effective tax rates, underscoring the role of local government costs and shifting tax policies. Regional disparities persist, with the Northeast and Midwest continuing to see the highest burdens.”
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