Property Taxes Heading Up? Caleb Silver, Investopedia.com


U. S. property taxes increased at their fastest pace in four years in 2020, with some of the steepest increases coming in traditionally low-cost Sun Belt states. The average tax on a single-family home climbed 4.4% to $3,719, double the rate of increase in 2019. Nationwide, property taxes levied by counties rose to $323 billion from $306.4 billion, as they try to recoup losses in tax revenue due to the pandemic. Caleb takes a look at where the increases are hitting the hardest, and what other taxes are on the horizon (infrastructure anyone?). Caleb Silver, Editor in Chief with Investopedia breaks it down with Tony.