Is it worth appealing your property tax assessment?

The good news? You just found out your property’s value has increased. The bad news? Your property tax bill has shot up along with it.

This is a situation that homeowners have faced frequently in “recent years” as a result of both “rising housing prices and local tax rates,” said CNBC. Between 2023 and 2024, the median property tax bill in the U.S. increased by 2.8%, pushing it to $3,500, said the outlet, citing a report by Realtor.com.