4 ms·

That's not how property taxes work.

• ghaff 2y ago
  The cost/student doesn't go down just because local housing prices go down--which is where a lot of local taxes go to--and, in fact, the cost/student often goes up if you increase the population density.
• JoshTriplett 2y ago
  That depends on the region. In many places they're based on property value, and in many of those places if your property value goes down you can apply to have your home re-assessed and get taxed according to the new value. (Conversely, if your property values go up your property taxes may go up accordingly, which can in some cases take people's homes from affordable to not affordable.)
  • coryrc 2y ago
    Not if everybody's goes up or down.