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.