Rising Property Taxes Threaten Retirees
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high property taxesNewsweek
•Business
Business & Economics
Map Shows States Baby Boomers Are Fleeing From
86% Informative
Property taxes have surged in nearly every U.S. metropolitan area between 2019 and 2024 .
Rising housing costs are particularly burdensome for retirees, who often live on a fixed income.
Data shows that retirees are moving as far as they can while trying to stay as geographically close as possible to their home states.
However, the high number of retirees relocating to cheaper states could increase competition for prospective buyers in these same states, which in turn could worsen the affordability crisis. Related Articles Start your unlimited Newsweek trial.
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