This Legal Loophole Puts Your Home Equity in the Crossfire
By now, you’ve heard the term "crossfire" used in politics, but your wallet is about to feel a new kind. A quiet change in property tax assessment rules has left millions of homeowners in a financial crossfire, with tax bills that could jump by 20% or more this year. If you bought or refinanced in the last three years, experts say your home's assessed value may be artificially low—until now. States are quietly closing a pandemic-era loophole that had frozen valuations, and the resulting "catch-up" is hitting summer property tax statements. Don't wait to see a surprise bill. Check your latest assessment today. One mistake could cost you thousands by August.