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We do the same thing in NZ - property tax (rates) is partially made up with a user pays service component (garbage etc) and a valuation component - you pay v/V
by Taniwha 8y ago
We do the same thing in NZ - property tax (rates) is partially made up with a user pays service component (garbage etc) and a valuation component - you pay v/V (v is your valuation, V the total valuations of all the properties in the city) of the amount the city has decided to raise.
It means that if the valuation of all the properties in the city double you continue to pay the same property taxes because you pay the same percentage of the whole