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DeSantis wants to ban property taxes in Florida

Housing Wire

Ron DeSantis said that he wants to eliminate property taxes in the state. In a post on X, the governor said that taxing land/property “is the more oppressive and ineffective” form of taxation. “Property taxes are local, not state. Florida Gov. increase over the prior year and up 47.5%

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Skyrocketing home values driving higher property taxes

Housing Wire

But homeowners in the area are also facing a serious unintended consequence of that skyrocketing property taxes. According to a new report from CoreLogic, median property tax payments in Miami-Dade County have risen 56.8% year-over-year jump in median property taxes and Miami-Dades rose by 9.9%.

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Property Tax Hikes Strike Once-Affordable States

Appraisal Buzz

Homeowners enjoying the equity gains of soaring property values are now contending with an unwelcome consequence: skyrocketing property taxes. Over the past few years, property tax payments have climbed sharply in many regions, particularly in states once regarded as affordable. since 2019. since 2019.

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Property Taxes: Increases, Payments, and Where They’re Surging Most

Appraisal Buzz

metro areas in Florida have seen the highest increases in property tax bills since the pandemic began, making it more difficult to afford a home in the Sunshine State, according to recent Redfin research. to $228 since 2019), according to a Redfin analysis of property taxes for single-family homes among the 50 most populous U.S.

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Tennessee official, citing property tax relief, notes more interest in reverse mortgages

Housing Wire

Homeowners have noted for some time that property taxes have risen precipitously, and this has the potential to heavily impact people living on a fixed income. Rutherford County trustee Teb Batey encouraged area seniors already seeking information on 2025 property tax payments to take advantage of the countys tax freeze program.

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John Burns: Rising property taxes are forcing retirees out of some states

Housing Wire

Rising property taxes are a thorn in the side of many Americans in today’s housing market. Older Americans in particular are feeling the brunt of higher tax payments in key metro areas and are being forced to move, a recent report concluded. Conversely, property taxes in the beige regions account for less than 0.5%

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Property taxes have been rising. Here’s what it means for housing

Housing Wire

In many communities, homeowners and homebuyers have been hit with eye-popping property tax increases. And homes in many communities have shot up in value in recent years, leading to tax increases through reassessments. But opinions differ on how much impact higher taxes are having on local housing and mortgage markets. “I