New Buyers Gain Access to Hot Markets Despite Tax Challenges

New homeowners in some US cities faced much higher property tax bills than long-time neighbors in 2025 due to assessment caps, which shifted more tax burden onto recent buyers. Effective property tax rates varied widely across cities, with commercial properties taxed significantly higher than homesteads. State-level reforms, like graduated tax structures, showed potential to reduce burdens on lower-valued homes while increasing taxes on expensive properties.

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