Monday, March 4, 2024


Homeowners in these 10 cities pay the highest property tax relative to their home’s value

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Photo by Alexander Mils on Unsplash

Written by Jaclyn DeJohn | Stacker

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Whether an individual or family is just starting out as a first-time homebuyer or retirees are paying off their retirement home, real estate taxes will be a required ongoing housing cost. This money covers municipal costs, local infrastructure, and other amenities. Local tax abatements and homestead exemptions may help homeowners with some of that cost, but it can still add up to a significant amount over time.

With this continual homeownership cost top of mind, SmartAsset examined real estate taxes paid by homeowners across 330 U.S. cities to determine where it is highest relative to local home values.

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