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Astoria Strategic Wealth

Property Tax Planning Opportunities and Considerations

While our client base resides in states across the country, we have continued to
experience growth in states such as Texas, Florida, and North Carolina. Accordingly,
we have heard from clients and those in our respective communities (and
experienced personally) about the substantial increase in property values. According
to The Economist, the average home price nationally has doubled in value since 2012.
While this is a wonderful development for most homeowners given their home is the
largest investment for many, it is not without consequences. Particularly with this
impact on net worth, we recommend all homeowners remain vigilant in evaluating
whether the tax appraisal of their home is a fair and appropriate assessment of value.
The next page includes a few considerations that we recommend in planning for the
rising cost of housing.