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General question related to this: are the spiraling property taxes related to similarly spiraling home values?
by bumby 4y ago
General question related to this: are the spiraling property taxes related to similarly spiraling home values?
- jacobr1 4y agoStrong correlation, but not exclusively. Plenty of areas regularly vote for bond measures paid by increases in property taxes. So you can get increases of BOTH rate and value.
- bumby 4y agoI don’t know what the alternative is, unless we find a completely different funding scheme. While I do feel for seniors who get priced out of their homes, that feeling it mitigated somewhat knowing they are in that situation because they are sitting on a large asset. If we want to treat housing as an “investment” we have to take the good with the bad.
- tclancy 4y agoCouldn't say from NH. It's the only source of revenue, so they go up no matter what housing values do.