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The law should take into consideration those cases and not charge them $30k/yr in cash for property taxes if they don't have the money in cash to pay it. One so
by krferriter 5y ago
The law should take into consideration those cases and not charge them $30k/yr in cash for property taxes if they don't have the money in cash to pay it. One solution mentioned elsewhere is a lien against the inflation-adjusted value appreciation of the house.
The solution isn't to let wealthy older homeowners get away with not paying proper property taxes though, which is how it is now.