Nationwide home price increase of over 50% leads to property tax concerns, prompting states like Alabama, Colorado, and Wyoming to limit tax-assessed value growth, with further proposals in Colorado and Georgia.

Home prices have risen over 50% nationwide, leading to increased property taxes, causing concerns for homeowners. In response, states like Alabama, Colorado, and Wyoming have enacted laws to limit tax-assessed value growth for homeowners. Further proposals to curb property taxes will appear on ballots in Colorado and Georgia. This follows complaints from residents burdened by escalating property taxes.

June 08, 2024
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