4 ms·
Real estate tax is literally a tax you pay to the authority that “comes to your house and starts taxing you on how much the value of your home has increased”.
by edgi 5y ago
Real estate tax is literally a tax you pay to the authority that “comes to your house and starts taxing you on how much the value of your home has increased”.
- hnburnsy 5y agoJust to be precise, aren't the taxes approved by the taxing authority allocated proportionally based on the total value of the real estate in the jurisdiction? In other words if all real estate values go up, your taxes should remaing constant? Maybe in different parts of the US this varies, but should the taxing authorities get more money because the real estate market is hot and do they take less when real estate values are down?
- greedo 5y agoAppraisals can go down (mine did this year), but there's no proportional allocation by the county assessor.