New York City’s Proposed 9.5% Real Estate Tax Hike Hits A National Nerve Home prices nationwide are up 55% over the past five years, stirring up widespread anxiety about rising assessments and real estate taxes. Here’s what you need to know. Read more: https://www.forbes.com/sites/kellyphillipserb/2026/02/25/new-york-citys-proposed-95-real-estate-tax-hike-hits-a-national-nerve/?utm_campaign=ForbesMainFB&utm_source=ForbesMainFacebook&utm_medium=social | Forbes

Property taxes are a cost no homeowner can avoid—and in 2025, some states are seeing bigger increases than others. According to Realtor.com®, homeowners in Maryland, North Carolina, Oklahoma, and Tennessee will see higher bills this year. Why? Mainly because home values have gone up, and some local governments have raised their tax rates. The average property tax bill in the U.S. rose to $3,500 in 2024, a 2.8% increase from the year before. In fact, nearly 60% of homes across the country had the