PROPERTY TAX BILLS ARE ON THE RISE

In many areas of the country, homeowners are feeling the squeeze as property taxes climb at a faster clip than inflation.

- LISA GERSTNER

In 2025, the average owner of a single-family home, with an estimated value of $494,231, paid $4,427 in taxes, according to a recent study from ATTOM, a provider of property data. That’s a 3% increase from the previous year, compared with a 2.7% inflation rate in 2025.

The study, which analyzed property tax data collected from county tax-assessor offices throughout the country, found that some areas saw significantly steeper increases in average tax bills. Large metro areas that had the biggest year-over-year hikes in 2025 included Memphis (up by 34%), Baltimore (27%), St. Louis (11%), Houston (10%) and Kansas City (8%).