U.S. Property Taxes Near $400 Billion in 2025
This image was generated by AI and may not depict real events.
US property taxes reached nearly $400 billion in 2025, with the average tax bill rising to $4,427 despite a slight decline in home values. The effective property tax rate increased to 0.9%, its highest level since 2020.
US property taxes climbed to $396.8 billion in 2025, a 3.7% increase from the prior year, as local governments levied higher taxes on approximately 89.6 million single-family homes. The average tax bill rose to $4,427, up 3% from 2024. The national effective property tax rate increased to 0.9%, marking the highest level since 2020. The Northeast and Midwest regions bore the heaviest tax burdens, with Illinois leading the nation at an effective rate of 1.84%. In contrast, the West and South had lower effective tax rates, with Hawaii posting the lowest rate at 0.33%. Disparities were also seen at the metropolitan level, with smaller metro areas in the Northeast and Midwest recording the highest effective tax rates.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.