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

Boomers are reaching a boiling point over their property taxes. Although property tax rates vary between jurisdictions, they’ve been climbing following the 2020 housing boom. Median home prices in America jumped 33% between Q1 2020 and Q1 2025, according to Federal Reserve data, and total property taxes grew from $10.5 billion in 2020 to $12.9 billion in 2025. Because many older homeowners live on fixed incomes, it’s understandable why more baby boomers are calling for the abolition of property taxes. M ...