Rising Property Taxes Hit California Metros
Analysis by ValuePenguin shows that the San Jose-Sunnyvale-Santa Clara region of California saw the largest increase in median property taxes between 2007 and 2017, at a whopping $2,625.
The tax increase in the San Jose metro area where much higher than the $481 median increase across the U.S. Residents in the region paid a median tax bill of $6,966 in 2017, when the median home value was $957,700, CNBC reports.
Other areas facing huge property tax increases were Kingston, New York, which saw a $1,573 increase 2007 to 2017, and Santa Cruz-Watsonville, Calif., with a median property tax hike of $1,540 in the same time period.
Sharply rising home values can help nudge levies upward in a given area.
For instance, skyrocketing prices on homes, plus an increase in demand, contributed to a dramatic jump in property taxes for some neighborhoods in Jersey City, New Jersey, last year.
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