Comment on Owing your home today is nearly impossible, but even if you did the ever increasing property taxes will bury you

Nomecks@lemmy.ca ⁨1⁩ ⁨month⁩ ago

Property tax rates are based on how much your city/county needs to operate. Property values change, but so do mill rates. Most cities aren’t allowed to take surplus tax, so they tweak the mill rate when property values fluctuate.

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