American homeowners paid more in property taxes in 2025 even as their home values declined, with local government costs and shifting tax policies driving bills higher regardless of market conditions, according to ATTOM’s annual property tax analysis published Thursday.
The Tax Bill Climbed Anyway
Property taxes levied on single-family homes across the United States rose 3.7% to $396.8 billion in 2025, covering more than 89.6 million homes. The average bill reached $4,427, a 3% increase over 2024, while the average estimated home value fell 1.7% to $494,231 over the same period. The result: the national effective tax rate rose to 0.9%, its highest since 2020.
“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 …
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