Could 2026 Be the Beginning of the End for Property Taxes?

via themortgagepoint.com—We hear about property taxes every year and in some states, leaders are trying to move away from them entirely instead of simply reforming the taxes that fund schools and many public services, according to Realtor.com.

State lawmakers have tinkered around the edges of property tax reform, capping increases, compressing rates, and carving out relief for the most burdened of homeowners for decades.

But this year, at least five state legislatures are changing course and moving to eliminate property taxes outright.

What has caused this drive for elimination?

It’s a mix of election-year pressure, swelling assessments, and an affordability crisis that’s squeezing longtime homeowners on fixed incomes, which is fueling a new wave of proposals, Realtor.com said.

A Time to Rethink How Public Services are Funded

According to the report, plans vary in structure and ambition, but all share one thing: a belief that it’s time to fundamentally rethink how states fund public services and who’ is footing the bill.

“Some of these states, namely Texas, have high property tax rates that are unpopular among voters, especially when the state runs a budget surplus nearly every year,” said Joel Berner, Senior Economist at Realtor.com. “The rest have all seen major increases in the taxable value of homes that are leading to higher property tax burdens.”

Realtor.com said it’s that tension that’s pushing states to test just how far voters and budgets are willing to go.

Of the states experimenting with property-tax abolition…READ MORE

The Current Miami Springs Market

DEMAND IS STILL THERE DESPITE HIGHER INTEREST RATES

This week there are forty-three (43) active listings in the MS/VG markets. There are 3 listings for over $2 million, and one for close to $4 million. High prices remain and demand is still slow, but there are still qualified buyers out there. I DO EXPECT A BUSY SPRING SELLING/BUYING SEASON!!! More increases in inventory in the months ahead?? I think so.

Mortgage Interest rates have decreased. Rates expected to continue to 5.8-6% this year. There are still qualified buyers looking for the right property. Timing is everything. Days on the market (DOM) are on average 68 days. Some houses sell quickly. It all depends on pricing, condition and location, location, location. The decrease in interest rates should result in increased sales activities. It is important to price the property right.

Inventory Breakdown:

There is one (1) property priced between $500,000-$600,000; eight (8) properties are priced between $600,000-$700,000; nine (9) between $700,000-$800,000; two (2) between $800,000-$900,000; three (3) is priced between $900,000-$1,000,000; sixteen (16) between $1-2 million; three (3) are listed for over $2 million; and one (1) is listed for over $3million.

CALL US FOR AN EVALUATION

During the period of January 30, 2026 through February 6, 2026, there were reported 1 new listing, 3 closed sales, 2 pending sales, 0 active with contract, 0 expired listings, 0 cancelled listings, 0 temp off market, 5 price reductions, and 0 price increases.

HOW DOES YOUR HOUSE COMPARE?

The table below shows the current status of the Miami Springs/VG real estate market as of February 6, 2026. All closed sales are within the last 90 days.

*Disclaimer: The data relating to real estate displayed on this website and the chart above comes from the Miami Board of Realtors MLS. All listing information is deemed reliable but not guaranteed and can be independently verified.

 A complete list of all the properties for sale in Miami Springs or any other area of 

Miami-Dade County can be sent to you on regular basis. 

Request it at:  charlie@leonardrealestategroup.com

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