The escalating property tax burden is prompting working families and seniors to sell their homes, underscoring the need for a transformative shift in how government agencies operate. As municipalities grapple with financial crises, it’s clear that innovative solutions are imperative. By streamlining government services, embracing private sector efficiency, and promoting transparency, we can unlock a brighter future for homeowners.
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- Property taxes vary significantly across states. For instance:
- New Jersey: 2.23% effective property tax rate, with a median home value of $300,000 and a property tax bill of $6,690
- Illinois: 2.08% effective property tax rate
- Connecticut: 1.79% effective property tax rate
- In contrast, states…