Property taxes are rising as home values and local rates climb—but some states still keep them surprisingly low. In 2024, the median U.S. property tax hit $3,500, up 2.8% from 2023. The lowest in the nation? West Virginia, with a median tax bill of just $728 and a median home list price of $261,500. See the full list: https://rltor.cm/A3gkef | Realtor.com
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Home prices in mortgage rates aren't the only homeowner expenses going up these days. Property taxes are also on the rise. Median property taxes in the U.S. rose by an average of 10.4% from 2021 to 2023 (the latest year of available data). That means the average homeowner needs to fork over about $2,969 a year in property taxes, which is roughly an additional $247 per month. Full report: https://rltor.cm/ti9qnm | Realtor.com
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