Homeowners shell out a lot more in property taxes than they did in 2019 Property taxes in Austin make up more of a monthly housing bill than anywhere else in U.S., study says. Click here for the direct ABJ Biz Article Link By Ashley Fahey – Editor, The National Observer: Real Estate Edition, The Business Journals Oct 31, 2024 Listen to this article 5 min Property taxes for homeowners are up significantly across the country — including in Austin — thanks in large part to surging home values since the onset of the Covid-19 pandemic. Nationally, property taxes have increased nearly 30% since 2019, to a monthly median payment of $250, according to a recent analysis by Redfin Corp. (Nasdaq: RDFN). That increase comes despite the average effective tax rate across the U.S. now being 0.67%, down from 0.77% in 2019. Among the states and metro areas analyzed by the firm, property taxes made up more of a monthly housing bill (19.8%) in Austin , than anywhere else in the country. Other Texa
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