Lawmakers, policymakers must combat rising taxes
You’re not imagining things. Taxes just keep getting higher and higher — at least when it comes to property taxes. Axios reports median property taxes in Ohio rose 23.1% from 2019 to 2023. That’s higher than the national average increase of 21.6%. Axios quoted CoreLogic data that says median property taxes on U.S. single-family homes rose to $2,877 in 2023 from $2,367 in 2019. In Ohio, those figures are $2,530 in 2023 up from $2,054 in 2019. Home prices are rising across the country, too, with the annual income required to afford a median-priced home up an astounding 23.8% ...