Boomers are revolting against property tax, but nixing it just shifts the burden to younger generations. Here's why

Core Insights - Baby boomers are increasingly frustrated with rising property taxes, which have surged due to the housing boom post-2020, with median home prices increasing by 33% from Q1 2020 to Q1 2025 and total property taxes rising from $10.5 billion in 2020 to $12.9 billion in 2025 [1][2][6] Group 1: Property Tax Concerns - Many older homeowners, particularly baby boomers, are advocating for the abolition of property taxes as they often live on fixed incomes and are feeling the financial strain from increased property taxes [1][2] - The sentiment among baby boomers is that representatives are unresponsive to their concerns regarding property taxes, leading to calls for citizen-led initiatives to abolish property taxes in states like Ohio [2] Group 2: Economic Implications - Property taxes are crucial for local economies, funding essential services such as schools, roads, and emergency services, comprising over 22.7% of total tax collected at the state or local level in 2022 [6] - The current economic environment, characterized by rising home prices and inflation, is creating challenges for older homeowners who are unable to liquidate their real estate assets easily while facing higher living costs [4][5]