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 anywhe...
A Residential Real Estate Blog covering the city of Austin, Texas. Highlighting "Off Market" along with Austin Silent Market Inc Real Estate Active MLS Properties for Sale & Lease. Proud Indie ATX Business Advocacy and Local Culture. Curated by Austin Silent Market Broker Associate = George Vance McGee 512.657.9281 direct & georgevance@gmail.com