How to Lower Your Property Taxes: A Step-by-Step Guide to Filing a Property Tax Appeal

If your property tax bill arrived and your first reaction was this can’t be right, you might actually be onto something. The median U.S. property tax bill hit $3,500 in 2024, up nearly 3% from the year before. High cost metros see a much higher median, reaching as high as New York City’s median of $10,000. And with property values surging over the past several years, many homeowners are now seeing pandemic era price spikes reflected in their assessments — sometimes long after the market cooled. Here’s the part most homeowners don’t know: Between 30% and 60% of U.S. residential properties are over assessed, according to the National Taxpayers Union Foundation. Yet fewer than 5% of homeowners…