6 Cities With the Highest Property Taxes

You might be a resident of a city with the highest property taxes in the United States and not even know it. Construction Coverage released a March 2023 report ranking U.S. metropolitan areas with the highest property taxes.

The breakdown covered small, midsize and large metros, but for the purposes of this article we’ll be focusing on the large metros. Additional property tax details cover the property tax rate percentage for owner-occupied homes, median home value and median household income.

Read on to discover the six cities with the highest property taxes.

• Effective property tax rate for owner-occupied homes: 1.6%
• Median property taxes paid for owner-occupied homes: $5,106

According to data from Construction Coverage, the median owner-occupied home value is $294,900 in these three Texas cities. The median household income is $75,975.

Capital Gains Tax on Stocks: What It Is and How To Minimize It
Read: Reduce Your Social Security Tax Bill Using These Tips

• Effective property tax rate for owner-occupied homes: 1.7%
• Median property taxes paid for owner-occupied homes: $3,264

In Cleveland and Elyria, the median owner-occupied home value is $184,500. The median household income in these two Ohio cities is $62,315.

Find Out: Pros and Cons of Living in a State With No Income Tax

• Effective property tax rate for owner-occupied homes: 1.8%
• Median property taxes paid for owner-occupied homes: $4,145

The median owner-occupied home value for those who live in Buffalo or Cheektowaga is $192,000. The median household income for residents in these New York cities is $62,794.

• Effective property tax rate for owner-occupied homes: 1.9%
• Median property taxes paid for owner-occupied homes: $5,776

$281,100 is the median owner-occupied home value in Chicago, Naperville and Elgin. The median household income is $78,166 for residents in these three cities.

Learn More: 8 Best States To Move to If You Don’t Want To Pay Taxes on Social Security

• Effective property tax rate for owner-occupied homes: 1.9%
• Median property taxes paid for owner-occupied homes: $5,843

The median owner-occupied home value for residents in these Connecticut cities is $278,500. The median household income is the highest of the areas on this list at $82,258.

• Effective property tax rate for owner-occupied homes: 2.4%
• Median property taxes paid for owner-occupied homes: $4,586

In Rochester, New York, the median owner-occupied home value is $171,000. The median household income is $66,516.

More From GOBankingRates

• 5 Expensive Renovations Homeowners Always Regret
• Financial Insight in Your Inbox: Sign Up for GBR's Daily Newsletter
• 3 Ways to Recession Proof Your Retirement
• 7 Things You Must Do To Create a Plan for Your Money