 TITLE: How to Save Money on Property Taxes CONTENT: Why Are Property Taxes Going Up?\n--------------------------------\nWhat's driving most recent property tax increases is growth in assessed property values, in line with surging home values across the country. Rising home prices lead to increased assessments, which in turn increase property tax bills. The average property tax on a single-family home in the U.S. increased 4.41% in 2020, to $3,719, according to ATTOM Data Solutions, a provider of national real estate data and analytics.\nSome 55% of the 220 metropolitan statistical areas analyzed by ATTOM Data Solutions saw average property tax increases greater than the national average, including seven metro areas whose property taxes were 10% or greater:\n*   Salt Lake City: +11.4%\n*   San Francisco: +11.1%\n*   San Jose, California: +10.8%\n*   Seattle: +10.3%\n*   Atlanta: +10.2%\n*   San Diego: +10.2%\n*   Tampa, Florida: +10%\nWhile few homeowners would want to halt rising property values, the wealth gains they bring typically aren't felt until it's time to sell the house (or borrow against it). Increasing property taxes, on the other hand, can put an immediate strain on household budgets. If you're in that situation, you're not alone. Here are five tips that could help you reduce your tax bite. END