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A comment on IRS records reveal how the wealthiest avoid income tax. Parent comment

Re:IRS records reveal how the wealthiest avoid income tax by hnburnsy on Tuesday June 08, 2021 @04:27PM (#27440323)
Just to be precise, aren't the taxes approved by the taxing authority allocated proportionally based on the total value of the real estate in the jurisdiction? In other words if all real estate values go up, your taxes should remaing constant?

Maybe in different parts of the US this varies, but should the taxing authorities get more money because the real estate market is hot and do they take less when real estate values are down?

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Re:IRS records reveal how the wealthiest avoid income tax by greedo on Tuesday June 08, 2021 @07:06PM (#27442237)
Appraisals can go down (mine did this year), but there's no proportional allocation by the county assessor.
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