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cross-posted from: https://discuss.online/post/40219743
What? It's not 1 for 1, but it's certainly based on the assessed house value. That's relative.
In some places if your assessed value doubles, your property taxes double. Some places have laws that cap the increase per year, but not always.
Where I am, I think our city hall would be burned down if property taxes doubled with a house price doubling.
People in Ohio are trying to get a petition going to eliminate property taxes.
Our property taxes are too high, but eliminating them is the dumbest. If you thought corporate house buyers were bad before...
This! When I see people crying to stop property tax all I can think is "corporate home buying would go through the roof".