Property taxes for U.S. single-family homes soared to $363 billion in 2023, a nearly seven percent increase from 2022 and the most dramatic surge in five years, according to an April report from real estate data analytics firm ATTOM.
The analysis, compiled with data from 89.4 million homes, revealed that the increase in property taxes from 2022 to 2023 was almost double the growth rate from 2021 to 2022.
The average single-family property household paid $4,062 in property taxes last year, but 21 counties had an average annual property tax greater than $10,000 — 12 of which are in the New York City metropolitan area.
The highest average was in Essex County, New Jersey, with single-family homeowners paying about $13,145 in 2023.
Real estate experts have cited “inflationary pressures” as a factor as to why the taxes have increased so much. […]
— Read More: www.breitbart.com
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.