3 ms·

Why would tax decrease linearly with the prices of the property? The residential property taxes I've seen are just a flat percentage of assessed value.

• vonmoltke 10y ago
  Exactly, which means the taxes have a linear relationship to the value. If my house value goes down by 40%, my property taxes go down by 40%.
  • bzbarsky 10y ago
    Ah, I see. I thought you meant tax rate decreased as the price increased. My misunderstanding.