California Homeowners Pay a Median $5,114 in Property Taxes Each Year

California Homeowners Pay a Median $5,114 in Property Taxes Each Year

America’s homebuyers have had an extraordinarily difficult few years. A combination of surging demand and scarce inventory has led to fierce competition among buyers, driving home prices to record levels. On top of this, high interest rates have increased borrowing costs, creating another major hurdle for aspiring homeowners.