Many homeowners of single-family properties experienced increased tax bills last year, despite a drop in average home prices. According to real estate data firm ATTOM, the average property tax bill increased 4.1% last year. And some areas of the United States experienced higher tax hikes than others.
ATTOM CEO Rob Barber explained in a statement that the property tax hikes were partly due to “inflationary pressures... along with rising public employee wages and other major expenses.”
