It is time for the dreaded tax season, and Houston householders could also be getting sticker shock taking a look at their property tax payments in 2025: Harris County property taxes have skyrocketed among the many highest ranges within the U.S., in accordance with a current report by data companies supplier CoreLogic.
The property tax report analyzed the expansion in tax charges and housing costs throughout all 50 states and probably the most populous U.S. counties.
From 2019 to 2024, Harris County taxes elevated 25.4 p.c, or 5.1 p.c year-over-year. That locations Houston twelfth on the listing of the highest 15 counties with the very best five-year property tax will increase nationwide.
Property tax hikes observe the same rise in housing costs, thus placing extra strain on householders and first-time homebuyers. The report’s findings revealed Texas housing costs have ballooned by 42 p.c over the past 5 years. And there is no signal of aid with out adjustments on the federal degree, the report provides.
“Whereas some areas of the nation will at all times be costlier than others, the nationwide pattern towards costlier properties and larger property tax liabilities is obvious,” the report mentioned. “Already, the [nation’s] tax payments climbed a median of 27 p.c from 2019 to 2024. In need of government-led adjustments, householders will proceed to take care of rising property taxes yr after yr.”
Increased taxes even have ramifications for renters, who see these prices handed down from landlords within the type of larger hire costs, which can ship extra renters outdoors town in quest of extra inexpensive areas.
No. 1 on the listing was Broward County in Florida, dwelling to cities equivalent to Fort Lauderdale and Pompano Seaside, which had the largest improve in taxes at 56.8 p.c. No. 2 was additionally in Florida: Miami-Dade County, which endured a 49.5 p.c hike in property taxes.
Elsewhere in Texas, Dallas County tied for the No. 3 with San Bernardino County in California, which additionally had a 32.7 p.c improve. Tarrant County was not far behind, coming in at No. 11 on the listing with a startling 29.3 p.c tax hike in the course of the five-year interval, the report discovered.
Property taxes in 2024
In 2024 alone, Harris County residents paid a median $5,721 in property taxes, which is the seventh costliest property tax among the many most populous U.S. counties. Fort Price residents in Tarrant counties paid the second costliest taxes final yr, at $6,633, whereas Dallas County residents paid the third priciest median taxes ($6,409).
In line with a state-by-state evaluation, Texans paid a median $5,105 in property taxes final yr, reflecting a 35.3 p.c improve from 2019. Texas’ median property tax is much larger than the nationwide median, which got here out to $3,018.
As many Texans are conscious, it is a excessive worth to pay for not having any earnings tax and no annual automobile taxes.
