According to ATTOM’s 2024 Property Tax Analysis for 85.7 million U.S. single-family homes, $357.5 billion in taxes were levied in 2024—down 1.6% from 2023.
WATCH: ATTOM #figuresfriday Top 10 U.S. Counties with Highest Effective Property Tax Rates in 2024
ATTOM’s latest property tax analysis indicated that the average U.S. single-family home tax bill reached $4,172 in 2024, up 2.7% from the previous year. That growth rate was slightly below the 4.1% increase recorded in 2023.
The report found the nationwide average effective tax rate for single-family homes dipped slightly to 0.86% in 2024, down from 0.87% in 2023. Please note that New York was excluded from this year’s analysis due to limited data availability from a third-party source.
ATTOM’s 2024 property tax analysis reported that in 2024 the slight decline in effective tax rates across much of the U.S. coincided with a rebound in home values, which rose 4.8% in 2024 to a national average of $486,456. That follows a rare dip in 2023, when average home values fell 1.7% from the year prior.
The 2024 analysis also revealed that the 10 states with the highest effective property tax rates were concentrated in the Northeast and Midwest, led by Illinois (1.87%), New Jersey (1.59%), Connecticut (1.48%), Nebraska (1.32%), and Ohio (1.31%). Notably, each of these states saw a slight decline in their effective rates compared to the previous year.
The tax report showed that eight of the 10 states with the lowest effective tax rates on single-family homes were located in the South and West. Hawaii had the lowest rate at 0.33%, followed by Idaho, Arizona, and Alabama (each at 0.41%), and Delaware at 0.43%.
In this post, we take a deep dive into the data behind ATTOM’s 2024 property tax analysis to uncover the larger top 10 U.S. counties with the highest effective property tax rates, among those counties with 10,000 or more single family homes in 2024 and populations over 100,000. Those counties include:
Beaver County, Pennsylvania
- 2024 Effective Tax Rate: 3.58 percent
- 2024 Average of Estimated Value: $230,036
- 2024 Average of Tax Amount: $8,238
Lake County, Indiana
- 2024 Effective Tax Rate: 2.52 percent
- 2024 Average of Estimated Value: $267,280
- 2024 Average of Tax Amount: $6,743
Kendall County, Illinois
- 2024 Effective Tax Rate: 2.15 percent
- 2024 Average of Estimated Value: $370,669
- 2024 Average of Tax Amount: $7,968
Lake County, Illinois
- 2024 Effective Tax Rate: 2.13 percent
- 2024 Average of Estimated Value: $486,609
- 2024 Average of Tax Amount: $10,370
Rock Island County, Illinois
- 2024 Effective Tax Rate: 2.1 percent
- 2024 Average of Estimated Value: $176,118
- 2024 Average of Tax Amount: $3,698
Cuyahoga County, Ohio
- 2024 Effective Tax Rate: 2.08 percent
- 2024 Average of Estimated Value: $242,644
- 2024 Average of Tax Amount: $5,058
Camden County, New Jersey
- 2024 Effective Tax Rate: 2.07 percent
- 2024 Average of Estimated Value: $368,981
- 2024 Average of Tax Amount: $7,621
Macon County, Illinois
- 2024 Effective Tax Rate: 2.06 percent
- 2024 Average of Estimated Value: $139,221
- 2024 Average of Tax Amount: $2,874
Winnebago County, Illinois
- 2024 Effective Tax Rate: 2.06 percent
- 2024 Average of Estimated Value: $205,490
- 2024 Average of Tax Amount: $4,230
Will County, Illinois
- 2024 Effective Tax Rate: 2.05 percent
- 2024 Average of Estimated Value: $385,415
- 2024 Average of Tax Amount: $7,915
Want to learn more about property tax trends in your state, metro area or county? Contact us to find out how!
Written by: Megan Hunt