Watching your home value go up is mostly a good thing, but there is at least one downside — your property taxes will probably go up as well.
That’s been a common occurrence this decade amid an overall surge in home prices. It’s especially prevalent in states like Texas, which has seen a steady rise in housing demand as more people move there from other parts of the country and world. The Lone Star State ranked third in the country in population growth from 2023-2024 with an increase of 1.8%, according to the National Association of Realtors.
