Budget 2025: Government to hike property income tax rates by 2%
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Property taxes are a cost no homeowner can avoid—and in 2025, some states are seeing bigger increases than others. According to Realtor.com®, homeowners in Maryland, North Carolina, Oklahoma, and Tennessee will see higher bills this year. Why? Mainly because home values have gone up, and some local governments have raised their tax rates. The average property tax bill in the U.S. rose to $3,500 in 2024, a 2.8% increase from the year before. In fact, nearly 60% of homes across the country had the
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