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15 Cities Where Inflation Is Causing Property Taxes To Rise the Most
By Adam Palasciano,
4 hours ago
Inflation has been on everyone’s minds these past few years. After the COVID-19 lockdown began in March 2020, millions of Americans became unemployed and inflation went through the roof.
In fact, inflation reached the highest levels in decades, several years after the onset of the pandemic. USA Facts reported inflation peaked at an incredible 8.9% in June 2022.
Unfortunately, property taxes have not been immune to the effects of inflation. Pent-up demand for housing combined with soaring interest rates have resulted in very high property taxes in some U.S. cities. Home prices nationwide remain stubbornly high, translating into persistently higher property taxes.
If you’re looking to avoid high property taxes, there are 15 high-priced cities across the U.S. that you might want to cross off your list.
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