The coronavirus pandemic has closed many doors over the past year, from restaurants to gyms, theaters and offices. But it has also opened some new opportunities thanks to the expansion of video technology and remote work, which employers are now embracing. Demand for new homes is spiking around the country, and many at-home workers, unbound from their commutes, are free to consider moving anywhere that fits their budget.
But before you get too excited about that house in the country, which seems to cost about the same amount you’d get for selling your apartment, check the property taxes. They may just be off the charts.
For a sense of what’s affordable, check out WalletHub’s recent rankings of median property taxes in all 50 states and the District of Columbia, which were determined by using the latest available U.S. census figures (2019) for median home values and median property taxes paid.