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In many communities, homeowners and homebuyers have been hit with eye-popping propertytax increases. And homes in many communities have shot up in value in recent years, leading to tax increases through reassessments. The market has since cooled off, but taxes are going up.
propertytaxes on single-family homes rose twice as fast in 2023 as they did in 2022, with a total of $363.3 This is according to an analysis conducted by Attom , based on propertytax data collected from county tax assessor offices nationwide at the state, metro and county levels. billion one year earlier.
Therefore, compared to the first quarter of this year and the second quarter of last year, the proportion of average wages required nationwide for normal mortgage payments, propertytaxes, and insurance increased by around three percentage points. This is because homevalues are generally rising annually throughout the United States.
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