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Average property taxes are up nearly 6.5% nationwide, according to Lereta, a tax services and data provider in Covina, Calif. Higher tax bills can strain borrowers' ability to repay and affect underwriting, escrow services and portfolio management for lenders and servicers.
Here's a look at the top 10 states that saw the largest spikes in average tax bills in 2016, according to a Lereta analysis of national tax data.
Keeper of the Plains sunrise in Wichita, Kansas
Joe Montiel - Fotolia
No. 10 Kansas
Average property tax bill: $2,231 Year-over-year increase 7.8%
Arkansas
Refocus Photography/Refocus Photography - Fotolia
No. 9 Arkansas
Average property tax bill: $1,108 Year-over-year increase: 8%
logan - Fotolia
No. 8 Tennessee
Average property tax bill: $1,510 Year-over-year increase: 8.1%
Josemaria Toscano/Josemaria Toscano - Fotolia
No. 7: Utah
Average property tax bill: $2,468 Year-over-year increase: 9.1%
Liberty Bell old symbol of American freedom in Independence Mall building in Philadelphia Pennsylvania
Wasin Pummarin/f11photo - Fotolia
No. 6: Pennsylvania
Average property tax bill: $1,440 Year-over-year increase: 9.6%
The Monument to Joe Louis, known also as "The Fist",[1] is a memorial to the boxer at Detroit's Hart Plaza.
Nelson Cortez/helgidinson - Fotolia
No. 5: Michigan
Average property tax bill: $3,031 Year-over-year increase: 11.6%
Paul Hill - Fotolia
No. 4: Arizona
Average property tax bill: $2,177 Year-over-year increase: 16.8%
Iowa Women of Achievement Bridge over the Des Moines River at Principal River Walk in Des Moines, Iowa on July 15, 2016
Glenn Nagel/gnagel - Fotolia
No. 3: Iowa
Average property tax bill: $2,002 Year-over-year increase: 19.7%
The USS Constellation and buildings at the Inner Harbor in Baltimore, Maryland.
jonbilous - Fotolia
No. 2: Maryland
Average property tax bill: $2,542 Year-over-year increase: 20.4%
Thomas Jefferson's famous Monticello home in Virginia
nathanallen - Fotolia
No. 1: Virginia
Average property tax bill: $4,015 Year-over-year increase: 88.5%