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U.S. Property Taxes Jump Most in Four Years With Sun Belt Catching Up

Residential Real Estate As Missing Payments Have Landlords Worrying
Photographer: Bing Guan/Bloomberg

U. S. property taxes increased at the fastest pace for four years in 2020, with some of the steepest increases coming in traditionally low-cost Sun Belt states, according to figures from ATTOM Data Solutions.

The average tax on a single-family home climbed 4.4% to $3,719, double the rate of increase in 2019, according to the real estate analytics firm. Nationwide, property taxes levied by counties rose to $323 billion from $306.4 billion.