50% rise in US home prices leads to increased property taxes, prompting states to consider measures like capping property tax revenue growth.

Home prices have risen over 50% in some US states, leading to increased property taxes for homeowners. In response, states are considering measures to limit, cut or offset rising property taxes such as capping property tax revenue growth and limiting the growth in tax-assessed values for homeowners. These measures may have implications for local government revenue generation and could create inequalities in the application of property tax relief.