Places With The Highest Property Taxes

April 7, 2017

A report from the real estate data firm ATTOM found that Binghamton, N.Y. has the nation’s highest property tax rate, at 3.1 percent in 2016. That translates to around $3,700 a year for the average home.

Rochester, N.Y. (2.99 percent), Rockford, Ill. (2.96 percent), Atlantic City, N.J. (2.77 percent), and Syracuse, N.Y. (2.67 percent) are nearly as pricey.

Realtor.com reports that property taxes skew higher in New York, New Jersey, and Illinois, and that these states often have lower home appreciation.

The high taxes are offset by reasonable home prices. The median list price in Binghamton is just $85,000, according to realtor.com.

On the other side, Alabama has a few counties, including Etowah, Houston, Calhoun, and Morgan, where annual property tax bills are less than $550.

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