Montana property tax changes

Montana is considering cutting property taxes for most properties while raising them for out-of-state homeowners as property values rise.

Florida State DOGE Task Force and Property Taxes Proposal

Florida Gov. Ron DeSantis announced the creation of a 'state DOGE task force' to eliminate unnecessary bureaucracy and proposed getting rid of property taxes in the state. Seattle Seahawks quarterback Geno Smith agreed with DeSantis' stance on paying yearly property taxes.

Challenges of Home Ownership in the US

Many homeowners in the US are struggling with rising mortgage and loan interest rates, exploding insurance premiums, and increasing property taxes, making home ownership a financial burden for many.

Debt Levels in Texas Cities

Texas cities Austin, San Antonio, and Houston are among the most debt-ridden in the U.S., primarily due to high auto loan debt. Despite affordable housing, Texans face significant non-mortgage debt, property taxes, and low wages compared to other states.

Challenges of Homeownership Amid Record Inflation and Rising Costs

Record inflation raises questions about the viability of homeownership as an investment due to rising home prices outpacing incomes. Homeowners face increasing costs in property taxes and insurance, with some struggling to meet monthly payments. Tips include understanding all associated costs, leaving room in the budget for unexpected expenses, and exploring options such as government programs, loan modifications, and changing insurance providers.

Property Taxes in the U.S.

High property taxes are a significant expense for homeowners in the U.S. as mortgage rates remain around 7%. Property tax rates vary by state and county, with some states having higher rates than others.

Rising Foreclosures in Texas and Florida Cities

Foreclosures are rising in some Texas and Florida cities due to increasing property taxes, insurance premiums, and interest rates, making it difficult for struggling homeowners to sell or refinance their properties.