But the absolute home value shouldn't affect property taxes. It should only be the relative home value. The county takes the entire budget, and divides it by

But the absolute home value shouldn't affect property taxes. It should only be the relative home value. The county takes the entire budget, and divides it by the total of all the home values in the county to determine the basis for assessing taxes. The problem comes when a given home goes up in value more then their neighbors, or when one neighborhood increases more than other ones.