IntelligentCicada363 t1_ird954l wrote
Reply to comment by nonitalic in Most property owners will again receive tax relief through a process drawing increased discontent by b00gerbear
It’s not just the house rich though. Raising property tax appreciably will lower the value of homes in the city which could have severe effects.
nonitalic t1_irdf2vp wrote
What is the evidence for this? In principle I understand the argument, but in the real world, where have property tax increases in the 5-10% range been definitively linked to home value decreases? Furthermore, what are the severe effects of small decreases in home value?
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