And since property values are generally more stable (if for no other reason than the smoothing effect of, .e.g., a 5 year evaluation cycle), the government doesn't get a big raise when salaries are doing well not take a hit during a recession.How so?It increases my tax burden.
You start with your city's budget. It is then allocated to the people of that city, in this case by proportion of property in that city. So really, it is your city's higher budget that is increasing your tax burden. That is the prime mover in this.
Unless you want to argue for a better, more fair, method of allocating taxes. Property tax is nice in that it is very hard to dodge (You can't exactly move your property to some weird off shore tax haven) and transparent (everyone gets to see who pays what.)
Statistics: Posted by exodusNH — Tue Sep 24, 2024 6:06 pm — Replies 25 — Views 1056