Institute on Taxation and Economic Policy (ITEP)

March 23, 2026

Yahoo Finance: Property Taxes Are Skyrocketing. But States Are Learning That Cutting Them Has Major Consequences.

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Lowering property taxes can have unintended long-term consequences for local housing markets. Higher property taxes act like a future mortgage payment. This long-term investment would lower prices and make it easier for first-time homebuyers to gain a foothold in the market.

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Quoted Staff Member

Neva Butkus
Neva Butkus

Senior Analyst