Property taxes are surging. See what homeowners by state and county.

MoneyWatch Property taxes are rising faster than inflation. See what homeowners pay across the U.S. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Aimee Picchi Aimee Picchi Associate Managing Editor, MoneyWatch Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets including USA Today and Consumer Reports. Read Full Bio Aimee Picchi April 9, 2026 / 4:03 PM EDT / CBS News Add CBS News on Google Property taxes across the U.S. are rising faster than inflation, with the average homeowner last year paying $4,427, up 3.7% from 2024, according to a new analysis from real estate data firm ATTOM. By comparison, the Consumer Price Index — a basket of commonly purchased goods and services — rose 2.7% last year. Homeowners in some states have faced considerably larger property tax increases, including an 18% hike in Delaware and an 11.6% jump in Maryland.Property taxes are typically levied by local governments to raise revenue for public services, including public schools, road construction, and police and fire departments. They account for 70 cents of every dollar in local tax collections, according to the nonpartisan Tax Foundation.Property taxes rose last year even as the average estimated value for single-family homes dropped 1.7% to $494,231 — still among the highest on record but representing a slight year-over-year dip. This shows property taxes are influenced by factors other than property assessments, with some local governments hiking taxes due to the rising cost of providing public services, according to the Tax Policy Center."Property taxes often rise faster than inflation because they're driven by local government funding needs, not consumer prices," Rob Barber, CEO at ATTOM, told CBS News. "Municipalities may inc...