Data: ATTOM; Map: Simran Parwani/Axiosta
Many homeowners may be shocked to hear it, but the average tax on a single-family home increased just 1.8% last year. That's despite the homebuying frenzy that drove up housing prices 16%, according to a new report from ATTOM, the leading provider of real estate records and property data.
The big picture: Total property taxes collected in 2021 rose only 1.6% nationwide — well down from the 5.4% increase from 2019 to 2020, and the second-smallest rise over the past five years.
