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To provide a little more detail on davidw's comment: In several US states, your property tax is locked in when you buy a house. So you could have two identical
by raldi 9y ago
To provide a little more detail on davidw's comment: In several US states, your property tax is locked in when you buy a house.
So you could have two identical houses next door to each other, one last sold in 1975, the other 2015, and their property taxes would likely differ by a factor of at least 30x.
- mikeyouse 9y agoTo Raldi's point.. Two random houses near Pacific Heights: https://i.imgur.com/kltiDm4.png?1 https://i.imgur.com/kltiDm4.png?1 But at least people with $10 million houses are spared the indignity of paying for local services.