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Property taxes aren't like income taxes -- the tax rate is incredibly variable and set at at the local level when cities make their budgets. So if the city does
by strange_quark 6y ago
Property taxes aren't like income taxes -- the tax rate is incredibly variable and set at at the local level when cities make their budgets. So if the city doesn't need more revenue, the tax rate can just be adjusted down to keep property tax payments the same. But if the city does need more revenue, hopefully it's because more public services are being provided, in which case, it's entirely fair that the people who live there and benefit from the increased services pay for them.
- zepto 6y agoThis doesn’t actually address anything in my comment. It sounds like you are saying tax rates should have nothing to do with home values and should just be arbitrarily adjusted to make property owners pay for whatever the local government wants.