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Re:Seeing like a state, progress and poverty, and owning land by onlyrealcuzzo on Saturday August 20, 2022 @07:19AM (#32531137)
Does it actually, though?

In practice - aren't tax rates changed based on politics?

Re:Seeing like a state, progress and poverty, and owning land by TimPC on Saturday August 20, 2022 @07:42AM (#32531251)
Tax rates are generally changed by an independent political process (the municipal budget) which often has the power to increase/decrease the mill rate based on how much money is needed/desired. This doesn't change the fact that the mill rate does generally fall by a lot when properties are reassessed in areas that have seen a large property price increase.