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April 6, 2017

CT 6th highest in U.S. for property tax rates

GRAPHIC: Contributed by ATTOM Data Solutions

Connecticut ranks sixth in the country for high effective property tax rates, according to the latest report from property analytics firm ATTOM Data Solutions.

The effective tax rate is the average annual property tax expressed as a percentage of the average estimated market value of homes in each geographic area, according to ATTOM, the Irvine, Calif.-based curator of a national property database.

The analysis released Thursday shows that New Jersey had the highest effective property tax rate at 2.31 percent, while Delaware posted the lowest at 0.56 percent. Connecticut’s registered 2 percent. Neighboring New York (1.88 percent) and Rhode Island (1.64 percent) also made the top 10.

Nationwide, property taxes levied on single-family homes in 2016 totaled $277.7 billion, an average of $3,296 per home and an effective tax rate of 1.15 percent.

Fairfield County was among nine counties nationwide with a population of at least 100,000 that had average annual property taxes of more than $10,000.

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