Single-family homes in Miami on May 10, 2022. Joe Raedle/Getty Images
Some new homeowners across the United States may find their property tax bills are double or triple those of their neighbors, according to a new report.
In its recently released annual property tax comparison of all 50 states, the Lincoln Institute of Land Policy and Minnesota Center for Fiscal Excellence documented the wide range of property taxes in more than 100 cities. The report noted that property-tax reliance, property values, local government spending levels, and classification (residential versus other property types) all contribute to variations in property taxes.
