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It's a very common type of property tax law in the USA, and quite popular here on HN (see: opposition to Prop. 13 in CA).
by aahortwwy 5y ago
It's a very common type of property tax law in the USA, and quite popular here on HN (see: opposition to Prop. 13 in CA).
- kkjjkgjjgg 5y agoIt sounds insane to me - so basically if you want to buy your own home to be safe against rent inflation, you can still be priced out of your own home. How does that make any sense?
- jseban 5y agoWell, only if your home is really oversized. The "issue" is that retired people are "forced" to move to a home sized for 1/2 people and not stay forever in a home made for 6 people, unless they have savings to pay for the property tax. And that's "sad" somehow