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Here's where U.S. homeowners pay the most — and least — in property taxes

Here's where U.S. homeowners pay the most — and least — in property taxes

CBSN
Monday, April 08, 2024 07:12:41 PM UTC

Rising U.S. real estate prices and higher mortgage rates aren't the only challenges to owning a home these days. Between 2022 and 2023, property taxes shot up as much as 31% in some parts of the country, recent data shows. 

Homeowners saw their property taxes increase an average of 4.1% over that period, according to an analysis of more than 89 million single-family homes, by ATTOM Data Solutions, a provider property data. That translates to a typical tax bill last year of $4,062, up from $3,901 in 2022.

ATTOM CEO Rob Barber attributed the tax increases partly to inflation, which pushed up costs for running local governments and schools, including wages for public employees. 

Read full story on CBSN
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