Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Property»The Metros With Least and Most Expensive Property Taxes
    Property

    The Metros With Least and Most Expensive Property Taxes

    May 7, 20253 Mins Read


    So, you’ve finally bought your dream home.

    With still-high home prices and mortgage rates, it probably cost you a pretty penny.

    You might think you’re in the clear — but not quite. Property taxes are another major expense to keep in mind. For new US homeowners, the property tax sticker shock can be real. And if you’ve owned your home for years, you’ve most likely seen your tax bill steadily climb.

    Property taxes — which are based on a home’s assessed value — can fall or rise over time because of several factors, including the strength of the local real estate market, any home improvements, or changes in local tax rates.

    According to data from LendingTree, property taxes rose by 10.4% nationwide from 2021 to 2023, the most recent year data is available. Homeowners in the 50 largest US metropolitan areas in 2023 paid a median of $2,969 annually, or about $247 monthly, in property taxes, regardless of whether they had a mortgage. In many areas, however, homeowners paid hundreds or even thousands more.

    The biggest increase was in Tampa, where property taxes jumped 23.3% in the two-year span. Next was Indianapolis, with a 19.8% increase; Dallas, with 19%; and Jacksonville, Florida, with 18.7%. Atlanta and Miami tied for the fifth-biggest increase, with 18.6%.

    To illuminate how property taxes vary across the country and how the increases have ranged, we’ve highlighted the five metros on the list with the highest property tax costs and the five with the lowest.

    As it turns out, relatively smaller Southern metros — which often also have a lower overall cost of living — tended to have the lowest property taxes, while more populous and expensive areas in the Northeast and on the West Coast had the highest ones.

    Birmingham, Alabama, was at the bottom of the tax scale. With a median home sale price of $213,250 — well below the national median of $430,848 — and a median property tax of $1,091, homeowners had relatively lower bills. At the top was New York City, one of the priciest real estate markets in the world and also home to the nation’s highest property taxes.

    Below are the large US metros with the lowest and highest property taxes, along with how much they increased in each one from 2021 to 2023, according to LendingTree.

    The typical home sale price as of February, the most recent available, is from Redfin, and the 2023 population figures are from the US census.

    Metros with the lowest property taxes

    5. Nashville


    Nashville skyline

    Nashville.

    John Coletti/Getty Images



    4. Phoenix


    Phoenix, Arizona

    Phoenix.

    4kodiak/Getty Images



    3. Louisville, Kentucky


    A street in downtown Louisville, Kentucky.

    Louisville, Kentucky.

    4kclips/Shutterstock



    2. Memphis, Tennessee


    Memphis

    Memphis, Tennessee.



    Sean Pavone/Shutterstock



    • Median property taxes paid in 2023: $1,856
    • Percentage change from 2021-2023: 8.9%
    • Median home sale price: $180,000
    • Metro population: 618,639

    1. Birmingham, Alabama


    Birmingham

    Birmingham, Alabama.

    Sean Pavone/Shutterstock



    • Median property taxes paid in 2023: $1,091
    • Percentage change from 2021-2023: 13.4%
    • Median home sale price: $213,250
    • Metro population: 196,644

    Metros with the highest property taxes

    5. Boston


    Aerial view of Boston showcasing the Charles River.

    Boston.

    Sergii Figurnyi/Shutterstock



    • Median property taxes paid in 2023: $6,696
    • Percentage change from 2021-2023: 10.2%
    • Median home sale price: $858,000
    • Metro population: 653,833

    4. Austin


    Austin, Texas

    Austin.

    Jonathan Ross/Getty Images



    • Median property taxes paid in 2023: $6,973
    • Percentage change from 2021-2023: 13.8%
    • Median home sale price: $512,500
    • Metro population: 979,882

    3. San Francisco


    San Francisco, California

    San Francisco.

    Robert Harding Video/Shutterstock



    • Median property taxes paid in 2023: $8,156
    • Percentage change from 2021-2023: 16.5%
    • Median home sale price: $1,392,750
    • Metro population: 808,988

    2. San Jose, California


    San Jose, California

    San Jose.

    Michael Vi/Shutterstock



    1. New York City


    New York City, New York skyline

    New York City.

    Alexander Spatari/Getty Images



    • Median property taxes paid in 2023: $9,937
    • Percentage change from 2021-2023: 11%
    • Median home sale price: $852,500
    • Metro population: 8,258,035





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    UK family home for sale for £1 and it’s not far from the city centre or beautiful beaches

    Property

    Primaris Real Estate Investment Trust : National Bank conserve son opinion neutre

    Property

    Climate change and property – solicitors’ questions answered

    Property

    Heiwa Real Estate REIT émet de nouvelles parts par attribution à un tiers pour financer des acquisitions d’actifs

    Property

    Sime Darby Property et SD Guthrie signent un accord de coentreprise pour développer jusqu’à 2 000 acres à Carey Island

    Property

    Les actionnaires liés à Murakami portent leur participation conjointe dans Heiwa Real Estate Co à 10,39 %

    Property
    Leave A Reply Cancel Reply

    Top Picks
    Precious Metal

    Gold prices soar amid global uncertainty, eyeing $3,100 mark

    Cryptocurrency

    Russia Accelerates Crypto Exchange Trials to Overcome Payment Barriers

    Property

    Misr Real Estate Assets Management introduces e-payment collection service

    Editors Picks

    Thane Man Loses Rs 47.47 Lakh In Cryptocurrency ‘Investment’ Scam

    March 24, 2025

    Griffin asks PSC to ditch Summit Utilities’ proposed rate increase or release the AG’s office from the settlement

    October 17, 2024

    Why the Philippines may miss out on a potential new wave of foreign investments

    June 3, 2025

    La Commission espagnole accepte l’examen de la demande de Borges Agricultural & Industrial Nuts

    March 13, 2025
    What's Hot

    Crypto Payments for Salaries Now Approved in Dubai

    August 16, 2024

    Nadec enregistre une hausse de son bénéfice net et de son chiffre d’affaires pour l’exercice 24 -Le 24 février 2025 à 06:43

    February 23, 2025

    National Investments Company Kuwait’s Best Investment Bank for ECM for 2025

    May 29, 2025
    Our Picks

    Donald Trump, Kamala Harris, and the Future of Fintech

    October 28, 2024

    Drummond opposes SEC power to regulate cryptocurrency

    July 18, 2024

    Public urged not to be misled

    June 20, 2025
    Weekly Top

    La première place pour les électriques à l’EcoGreen Energy 2025

    June 21, 2025

    Gold Cup | Le onze probable du Canada

    June 21, 2025

    Here Are My Top 3 High-Yield Energy Dividend Stocks to Buy Now

    June 21, 2025
    Editor's Pick

    Bitcoin Breaks $70K, Ethereum and Dogecoin Rise Amid Stock Rally Ahead Of ‘Mag 7’ Earnings: Analyst Says Current Spike Driven By ‘Binance Whales’ – Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC)

    October 29, 2024

    Nigeria’s SEC to Reinforce Fintech Regulations to Protect Investors

    October 11, 2024

    Buffalo Bills fans can invest in the new Highmark Stadium with ‘Bills Bonds’

    August 27, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.