As Congress debates tax reform and which deductions to remove, a majority of homeowners from both parties worry that rising property taxes could force them to sell their house.

Over 54% of those that identified as a Democrat and 52% of Republicans feared that rising property taxes could push them out of their homes, according to Zillow's Housing Aspirations Survey.

A nearly equal amount of Democrats (51%) and Republicans (50%) say their community's property tax rate is unfair to them.

When asked if those property taxes are unfair to higher-income households, 39% of Republicans and 35% of Democrats agreed.

 Voters fear rising taxes could force a home sale

At the other end of the spectrum, 67% of Democrats but just 54% of Republicans said their community's property tax assessment was unfair to low-income households.

The rank and file of both political parties state in nearly equal numbers that owning a home is necessary to live the American dream.

Approximately 69% of Republicans and 65% of Democrats agreed with that statement, while 73% in each group said that owning a home increases the person's standing in their local community.

"In a time of political division, these survey results remind us of something most Americans share — the sense that owning a home is a big part of living the American dream," said Zillow Chief Economist Svenja Gudell in a press release.

"Homeownership — and its ability to create wealth, stability and community — doesn't depend on political affiliation. As we debate the national and local politics surrounding affordability and tax reform, it's worthwhile to pause and remember a value most of us can agree on."

Zillow surveyed 10,000 renters and homeowners in 20 metro areas for this survey.

Brad Finkelstein

Brad Finkelstein

Brad Finkelstein is the originations editor of National Mortgage News.