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> Why would your property taxes not continue to go up endlessly? IIUC, you're arguing that we should expect that ^^^ outcome, because of the political/economic

> Why would your property taxes not continue to go up endlessly? IIUC, you're arguing that we should expect that ^^^ outcome, because of the political/economic dynamics you mentioned earlier. My understanding is that, except in towns/cities undergoing gentrification, U.S. municipal property taxes are pretty constant (modulo inflation). So it sounds like the outcome predicted by that theory probably isn't happening. Wouldn't this cast doubt on the theory?

dragonwriter 5y ago
> My understanding is that, except in towns/cities undergoing gentrification, U.S. municipal property taxes are pretty constant (modulo inflation). Yes, except for places experiencing increasing real property values, real property taxes aren’t increasing. But the discussion was about places with sustained real property value increase, so that generality is irrelevant. The scare scenario is still wrong, but for different reasons.
- harambae 5y ago
  >Yes, except for places experiencing increasing real property values, real property taxes aren’t increasing. Unless you're referencing the California instances in which Prop 13 protects homeowners from increases of more than 2%, I'm not sure what you mean. Nationwide property taxes increase over 5% YoY, while general inflation was far less [0] [0] https://www.marketwatch.com/story/homeowners-are-facing-the-biggest-property-tax-hikes-in-4-years-heres-where-homeowners-pay-the-most-11617899650 https://www.marketwatch.com/story/homeowners-are-facing-the-... [1] https://www.statista.com/statistics/244983/projected-inflation-rate-in-the-united-states/ https://www.statista.com/statistics/244983/projected-inflati...