LOUISVILLE, Ky. (WDRB) -- Higher home values are now turning into higher property taxes.
In some states, tax bills are up 10% or more.
So what can you do if your tax bill is taking a jump?
Many homeowners love their homes and consider them an oasis from the harsh world around us. But more and more of them, especially those on a fixed income, say they won't be able to afford that oasis anymore if their property taxes keep going up.
Lawmakers are scrambling to offer property tax relief.
- Some states are planning caps on tax increases
- Others are proposing raising the sales tax in order to lower property taxes.
In the meantime, you can appeal your higher valuation as long as the deadline hasn't passed.
There is one big upside of a higher home valuation - If you plan to sell in the next few years, you'll get more money for your house.
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