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If done correctly, the price appreciation of a home and tax increases should be unrelated. At least in NY, your share of the property tax levy is the value of
by cpwright 13y ago
If done correctly, the price appreciation of a home and tax increases should be unrelated. At least in NY, your share of the property tax levy is the value of your property divided by the value of all properties in the taxing district, multiplied by the total tax levy. If everyone's property appreciates 10%, but the tax levy stays the same no one has higher property taxes.
The reason we have higher property taxes is that school boards and the town/county government continually pass budgets that outpace inflation.