Source: Fortune
Summary
A recent survey found that 76% of U.S. homeowners reported higher property taxes than they budgeted for, with nearly two-thirds saying they were surprised or shocked by their most recent tax bill. The survey also found that 9 in 10 homeowners are concerned about the long-term financial hit of rising property taxes. Real estate agents say that buyers often overlook hidden costs such as property taxes, insurance, and maintenance, which can add up quickly.
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The numbers tell one story.
Homebuyers are getting hit with unexpected property taxes, insurance, and maintenance costs that can add up to over $21,000 per year. Real estate agents say that buyers often overlook these costs, focusing instead on mortgage rates and home prices. The average annual home insurance premium jumped 12% in 2025 and is expected to rise another 4% by the end of 2026. The pain is concentrated in disaster-exposed states like Florida and California.
The true cost of homeownership is quietly reshaping what it actually costs to keep a home.
Author: Evan Null
