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Property taxes for U.S. single-family homes soared to $363 billion in 2023, a nearly seven percent increase from 2022 and the most dramatic surge in five years, according to an AprilThe analysis, compiled with data from 89.4 million homes, revealed that the increase in property taxes from 2022 to 2023 was almost double the growth rate from 2021 to 2022.
The highest average was in Essex County, New Jersey, with single-family homeowners paying about $13,145 in 2023. “Property taxes took an unusually high turn upward last year, pushing effective rates up, while huge gaps in average tax bills between different parts of country remained in place,” said ATTOM CEO Rob Barber. “The tax increases were likely connected, at least in part, to inflationary pressures on the cost of operating local governments and schools, along with rising public employee wages and other major expenses.
In New Jersey, where average property taxes are the highest for Americans, illegal immigrants were enabled to obtain well-paying licensed jobs after Gov. Phil Murphy passed Senate BillMurphy has been forced to face the consequences of his actions, begging migrants to stop coming to his sanctuary state in 2023 because they are overwhelming welfare and aid services, even with his loose job licensing requirements.
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