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Does it actually, though? In practice - aren't tax rates changed based on politics?
by onlyrealcuzzo 4y ago
Does it actually, though?
In practice - aren't tax rates changed based on politics?
- TimPC 4y agoTax rates are generally changed by an independent political process (the municipal budget) which often has the power to increase/decrease the mill rate based on how much money is needed/desired. This doesn't change the fact that the mill rate does generally fall by a lot when properties are reassessed in areas that have seen a large property price increase.