BiggerPockets Daily These States Are Weighing Property Tax Repeals
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Aug 14, 2025 As property taxes soar nearly 30% nationwide, some states are taking action to push back. Florida contemplates eliminating property taxes, while Idaho proposes a $100 million relief package. Illinois, Montana, and North Dakota explore targeted reforms, raising questions for homeowners and investors alike. Major cities like Boston and New York face shifting tax burdens as commercial values decline. Discover how these changes could impact cash flow, risk exposure, and long-term strategies for real estate investors.
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Property Taxes Climbed Sharply
- Nationwide property taxes rose nearly 30% over five years, pushing median monthly bills to about $250.
- That increase meaningfully squeezes investor cash flow and homeowner affordability.
States Push Back, But Tradeoffs Loom
- States are exploring reductions, targeted relief, or full repeals to push back against rising property taxes.
- Cutting property taxes risks underfunding schools and services or forcing other taxes up.
Examples: Florida And Idaho Moves
- Florida's Governor DeSantis proposed eliminating property taxes and replacing them with a sales tax via a constitutional amendment.
- Idaho passed a law directing $100 million in property tax relief to residents as another example.