Key Takeaways
- Montana and North Dakota have lowered property taxes in their states, which had been rising along with soaring home values.
- Several other states, including Florida, Ohio and Kansas, are also looking at ways to reduce or eliminate the taxes charged based on home values.
- Some states are also trying to replace funding lost from property tax collections, which are often used to pay for schools and other essential services.
investopedia.com
By Terry Lane
March 23, 2026 12:30 PM EDT