Property Tax Calculation and State Rankings: What You Should Know
Property Tax Calculation and State Rankings: What You Should Know
6 months ago
investopedia.com
Property taxes are a cost no homeowner can avoid—and in 2025, some states are seeing bigger increases than others. According to Realtor.com®, homeowners in Maryland, North Carolina, Oklahoma, and Tennessee will see higher bills this year. Why? Mainly because home values have gone up, and some local governments have raised their tax rates. The average property tax bill in the U.S. rose to $3,500 in 2024, a 2.8% increase from the year before. In fact, nearly 60% of homes across the country had the
0:05
Property taxes are a cost no homeowner can avoid—and in 2025, some states are seeing bigger increases than others. According to Realtor.com®, homeowners in Maryland, North Carolina, Oklahoma, and Tennessee will see higher bills this year. Why? Mainly because home values have gone up, and some local governments have raised their tax rates. The average property tax bill in the U.S. rose to $3,500 in 2024, a 2.8% increase from the year before. In fact, nearly 60% of homes across the country had the
21.3K viewsMay 10, 2025
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