America is in the midst of a property tax revolt. In 2024 and 2025, more than a dozen states passed laws meant to slash property taxes for homeowners. And in several states, including Florida, Georgia and Texas, policymakers want to go even further and eliminate homeowner property taxes altogether. These solutions may be politically appealing, but draconian measures are not the answer. They hobble local governments’ ability to raise necessary revenues to provide essential services for their residents and undermine progressivity in our tax system. In many cases, they amount to a solution in search of a problem. There are more efficient and targeted ways to address concerns about the property tax. Headline-grabbing legislative actions have been driven largely by concern that the surge in housing prices will lead to a similar spike in property tax bills. But overall, growth in property taxes has been far less dramatic. Since 2020, housing prices have grown more than 50 percent nationally. Over the same period, however, property tax revenues grew at about half that rate — roughly keeping pace with inflation and below the growth in personal income.
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