Yes, skin tags can oftentimes be hereditary if they "run in the family". If your family has a history of skin tags, you're very likely to have skin tags too. Genetics do play a role in terms of skin tags. While these skin growths do not pose any threat to your health, a lot of people just find them unpleasing and want to get rid of them.
Visiting your doctor should be your first choice to confirm if the skin growth that you have is a skin tag. Sometimes it can be confused with other lesions such as moles, warts, or even melanoma (skin cancer).
Once you're sure that the growth that you have is a skin tag for sure, there's countless removal options that exists nowadays. From home remedies to OTC options to surgical excision, everything's there. If you're not sure what options you should choose, simply go with what your doctor tells you to do.
Otherwise, there's devices such as Aven Buzz Skin Tag Remover Pen that can help you remove skin tags right from the comfort of your home.