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If your property taxes are indexed to assessed value (which mine are), it also means your property value is going up. So double taxes would mean double value of
by brianwawok 5y ago
If your property taxes are indexed to assessed value (which mine are), it also means your property value is going up. So double taxes would mean double value of home. It just means that at some point you may need to sell your home and downsize, pocketing a nice profit on the way out.
- beervirus 5y agoUnless prices fall in the future, in which case you’ve paid a lot in taxes every year and never get any benefit from the temporarily high valuation.
- brianwawok 5y agoVery true