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10% is brutal. It should take a lot of effort to increase taxes by more than inflation. 10% year over year means something is broken. I’m glad we cap ours at
by rootusrootus 3y ago
10% is brutal. It should take a lot of effort to increase taxes by more than inflation. 10% year over year means something is broken.
I’m glad we cap ours at 3%. And our community hasn’t collapsed for lack of property tax revenue yet.
And we are a progressive state, while Texas is conservative. Would have thought it would work out the other way around but I guess not.
- mistercheph 3y agoCompare income tax rates! The coffers must be filled somehow!
- rootusrootus 3y agoThat's valid, but 10% compounded yearly is going to quickly dominate any other taxes.
- seanmcdirmid 3y agoTheir tax bill is rising 10% a year, depending on their property tax (if it is budget based or not), this could just be that their property is appreciating 10% faster than everyone else’s property. That means their equity is shooting through the roof. If it isn’t on a budget system, that could mean that their property (and possibly everyone else’s) property is appreciating 10% a year, or maybe they are adding levies or increasing the rate to fund new spending.