Property taxes in America can fluctuate based on property values and are essential for local government funding of community services such as schools and emergency departments. However, with the increase in property values and inflation, many homeowners now face rising tax bills, leading to financial strain. The Tax Foundation reports that the average American household paid about $1,900 in property taxes in 2021. While some counties have low property taxes, overall trends indicate a growing burden on homeowners nationwide.
In America, local governments charge property taxes based on home value, funding services like schools and emergency response, but rising costs strain many homeowners.
Property taxes, the largest source of revenue for local governments, reflect property values and contribute to public amenities. Recent years see a significant rise in these taxes.
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