Some States Are Expanding Property Tax Breaks

Some States Are Expanding Property Tax Breaks
Voters in several states approved ballot measures that will provide property tax relief. Dreamstime/TCA
Tribune News Service
Updated:
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By Sandra Block From Kiplinger’s Personal Finance

U.S. homeowners had more than $35 trillion in home equity in the fourth quarter of 2024. If you’re among those who have a heap of equity and you plan to downsize to a smaller home, that’s great news. But homeowners who want to stay put are finding it increasingly difficult to afford the cost of remaining in their homes.