Homeowners in Miami-Dade County have faced a staggering 56.8% increase in median property tax payments since 2019, alongside significant home price appreciation of 58.9%.
As rising property taxes become a pressing issue, the overall affordability of housing in South Florida worsens, compounding challenges for potential homebuyers who feel sidelined.
Not only Miami but other regions like Dallas-Fort Worth and Southern California are also grappling with escalating property taxes, which diminish the financial advantage homeowners once celebrated.
Some states are escaping this taxation surge, showing minimal increases like Delaware or even decreases in Michigan and Vermont, indicating a varied response to national trends.
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