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What is really surprising for me was that when Tesla (or somebody like that) opens a factory (or something) in Texas, locals complain because their property tax
by nickik 6y ago
What is really surprising for me was that when Tesla (or somebody like that) opens a factory (or something) in Texas, locals complain because their property taxes go up and that can be a huge issue.
Of course that means their property value goes up too, and that should be a good thing in the general case.
Its a strange kind of situation where you make the same money and then a factory opens close to you and you now make less money.
- ghaff 6y agoWhich basically is the reasoning behind Prop 13 in CA that people here like to rag on.
- lotsofpulp 6y agoProperty taxes go up because government spending per property goes up, not because property values go up. There’s no reason the tax rate on the property value can’t go down if the property value goes up. People’s problem is with their governments spending more. The only reasoning for Prop 13 is to distribute more of the burden for paying the government’s expenses to people who move to California later than those who moved before.