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How can 4,400 homes net only $1 million in property taxes? Tell me where I can sign up to pay $227 in annual property taxes!
by zaroth 9y ago
How can 4,400 homes net only $1 million in property taxes? Tell me where I can sign up to pay $227 in annual property taxes!
- thephyber 9y agoAs mentioned elsewhere, gross is not net. Once you factor in city services costs for those new residents, the net change is far lower than the gross property taxes per new resident.
- zaroth 9y agoAh, well in that case, property taxes in theory should be neting exactly $0! The government isn't supposed to be for-profit after all...