Florida Chief Monetary Officer Blaise Ingoglia pronounces audits of Broward, Gainesville, Orange and different counties to fight rising property taxes and authorities overspending.
Property taxes are rising throughout a lot of America, however the place you reside makes all of the distinction.
The median U.S. property tax invoice in 2024 rose to $3,500, up 2.8% from the earlier 12 months, largely pushed by surging residence values and shifting native tax charges.
Nevertheless, some householders are paying a considerably completely different quantity because of the states they stay in, in keeping with Realtor.com.
“Tax progress varies broadly state to state, together with some states the place tax burdens are outpacing residence value progress and others the place property taxes are falling at the same time as properties admire in worth,” Joel Berner, senior economist at Realtor.com, mentioned in a press release.
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West Virginia householders pay a median of simply $728 per 12 months, the bottom within the nation. In the meantime, New Jersey residents face the best median property tax invoice, averaging $9,413 yearly, in keeping with Realtor.com.
Property taxes are rising throughout a lot of the U.S., however the place you reside makes all of the distinction. (iStock / iStock)
The states with the bottom property taxes embrace:
West Virginia — $728
Alabama — $804
Arkansas — $871
Mississippi — $1,034
South Carolina — $1,328
Tennessee — $1,333
Louisiana — $1,415
Oklahoma —$1,481
Kentucky — $1,551
Michigan — $1,670
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Property taxes tend to loosely mirror the market worth of a house, in keeping with Berner. (iStock / iStock)
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Property taxes typically loosely mirror the market worth of a house, in keeping with Berner.
States with the best property tax burdens are usually situated within the Northeast, the place family incomes and residential costs are greater. Against this, the states with the bottom property tax payments all have median residence costs beneath the nationwide median of $425,000 for September 2025, in keeping with Realtor.com.
Though low property taxes can ease the monetary burden for householders, they usually imply fewer native providers, in keeping with Realtor.com.
Though low property taxes can ease the monetary burden for householders, they usually imply fewer native providers. (iStock / iStock)
“Property taxes assist vital municipal providers, police, firefighters, colleges, courts, libraries, parks and recreation, emergency response, the pound, roads, and perhaps many extra providers folks won’t notice are funded, like senior providers, municipal airports, public well being, probably water, sewer, and trash assortment,” Bruce Ailion, an agent with Re/Max City and County in Atlanta, advised Realtor.com.
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As property taxes climb, lawmakers in Florida, Illinois, Kansas, Ohio, Pennsylvania and Texas are exploring methods to cut back the burden on householders.
Montana has already carried out property tax aid measures, FOX 10 reported.