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 house values and shifting native tax charges.
Nonetheless, some owners are paying a considerably totally different quantity as a result of states they reside in, in accordance to Realtor.com.
“Tax progress varies extensively state to state, together with some states the place tax burdens are outpacing house value progress and others the place property taxes are falling whilst properties recognize in worth,” Joel Berner, senior economist at Realtor.com, stated in a press release.
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West Virginia owners pay a median of simply $728 per 12 months, the bottom within the nation. In the meantime, New Jersey residents face the very 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 embody:
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 usually 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 increased. In contrast, the states with the bottom property tax payments all have median house costs under the nationwide median of $425,000 for September 2025, in keeping with Realtor.com.
Though low property taxes can ease the monetary burden for owners, they typically imply fewer native companies, in keeping with Realtor.com.
Though low property taxes can ease the monetary burden for owners, they typically imply fewer native companies. (iStock / iStock)
“Property taxes assist vital municipal companies, police, firefighters, faculties, courts, libraries, parks and recreation, emergency response, the pound, roads, and perhaps many extra companies folks won’t understand are funded, like senior companies, municipal airports, public well being, presumably 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 scale back the burden on owners.
Montana has already applied property tax reduction measures, FOX 10 reported.
