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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%.
by 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 agoAh, I see. I thought you meant tax rate decreased as the price increased. My misunderstanding.