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With home prices up more than 50%, some states try to contain property taxes

With home prices up more than 50%, some states try to contain property taxes

Rising home values have led to higher real estate taxes around the U.S. Now many states are looking to provide relief to frustrated residents. New laws enacted in Alabama, Colorado

With home prices up more than 50%, some states try to contain property taxes

For retirees Tom and Beverly McAdam, the good news is the value of their two-bedroom home in suburban Denver has risen 45% since they purchased it more than six years

With Home Prices Up More Than 50%, Some States Try To Contain Property Taxes

With home prices up more than 50%, some states try to contain property taxes

Over the past five years, single-family home prices have risen about 54% nationally, and property taxes are going up.