This Secret Tax Break Could Save You Thousands of Dollars a Year If You Own a Home

House rich and cash strapped is a common predicament for many older homeowners — particularly in pricy housing markets with high property tax rates.

In a recent analysis by Zillow and Thumbtack, property taxes, utilities and homeowners insurance added up to $6,327 a year for the median-priced U.S. home, with property taxes likely making up the lion’s share of that cost.