Partnership for New York Metropolis president and CEO Steve Fulop discusses town’s funds shortfall and Mayor Zohran Mamdani’s proposed property tax hike on ‘The Claman Countdown.’
American owners across the nation are feeling the squeeze of upper property taxes, with new information exhibiting that the property tax burden rose final yr.
Information from analytics agency ATTOM confirmed that the efficient tax price for single-family properties was 0.9% in 2025, up from 0.86% in 2024 and the best stage since 2020 when the nationwide efficient tax price was 1.1%, in line with a Realtor.com report.
It additionally discovered that whereas the estimated worth for a single-family house was down 1.7% yr over yr in 2025, it was nonetheless one of many highest recorded readings for single-family house values as a result of 2024’s values had been larger than people who preceded it.
“Property taxes in 2025 show that tax payments mirror extra than simply house values,” mentioned ATTOM CEO Rob Barber. “Even with a slight dip in costs, larger tax payments mixed with declining house values led to a rise in efficient tax charges, underscoring the position of native authorities prices and shifting tax insurance policies.”
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Houses within the Queens borough of New York Metropolis. (Lindsey Nicholson/UCG/Common Pictures Group by way of Getty Pictures)
The efficient tax price for property taxes varies by state and the report discovered that the states with the best efficient tax charges for single-family properties tended to be positioned within the Northeast.
New Jersey led the way in which with an efficient tax price of 1.58% and a median house worth of $544,450. It was adopted by Vermont, which had a 1.4% efficient tax price, and Connecticut at 1.36%, each with median house costs at roughly $500,000.
New Hampshire’s efficient tax price was 1.29% based mostly on a $587,450 median house worth, whereas New York had a 1.23% efficient tax price together with a $672,000 median house worth.
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Some states with decrease median house costs additionally confronted larger relative property tax burdens. (Angus Mordant/Bloomberg by way of Getty Pictures)
A number of states with decrease median house costs additionally made the rankings for the best efficient property tax charges. Ohio’s was 1.32%, whereas Iowa at 1.25%, Pennsylvania at 1.24%, and Nebraska at 1.24% rounded out the highest 10 with median house costs ranging between $272,000 and $345,000.
States with the bottom efficient tax charges tended to have notable variations by way of the median house worth for a given state.
Hawaii had the bottom efficient tax price at 0.33% with a median house worth of $747,545, whereas different Western states had equally low efficient tax charges with larger house costs.
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States within the West tended to have decrease relative property tax burdens. (Saul Loeb/AFP by way of Getty Pictures.)
Idaho (0.39%), Wyoming (0.4%), Arizona (0.43%), Utah (0.48%) and Nevada (0.52%) had been among the many states with the lightest property tax burdens and had median house costs ranging between $444,000 and $575,000.
Two Southern states with decrease relative property tax burdens included Alabama with a 0.43% efficient tax price and $333,675 median house worth, whereas Tennessee (0.5%) with a $425,250 median.
Delaware’s 0.48% efficient tax price and its location within the Northeast made it a regional outlier among the many ranks of the states with decrease property tax burdens, with a median house worth simply shy of $500,000.
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West Virginia additionally had a 0.48% efficient tax price with the bottom median house worth of $249,750.
