• Serinus@lemmy.world
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    1 day ago

    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.

    • HumanOnEarth@lemmy.ca
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      1 day ago

      Where I am, I think our city hall would be burned down if property taxes doubled with a house price doubling.

      • Serinus@lemmy.world
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        1 day ago

        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…

        • Dilligentincubus@piefed.ca
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          22 hours ago

          This! When I see people crying to stop property tax all I can think is “corporate home buying would go through the roof”.