Many areas in the South and West increased by more than the national average.
Property taxes increased twice as fast last year than in 2021 in the US, with many areas in the South and West increasing by more than the national average.
On average, people in Florida paid less than $4,100 a year on property taxes in 2022 — not even half the bill for a typical New Jersey resident. In that state’s Essex and Bergen counties, the charge per homeowner exceeded $13,000 — more than $1,000 a month. Although states in the South have traditionally been lower-cost, property taxes have surged in recent years. Many people flocked there — a trend accelerated by the pandemic — creating more need to improve infrastructure and services.
Nationwide, the average tax on single-family homes increased 3% in 2022, to $3,901, after rising 1.8% the previous year.
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