Strong correlation, but not exclusively. Plenty of areas regularly vote for bond measures paid by increases in property taxes. So you can get increases of BOTH rate and value.

I don’t know what the alternative is, unless we find a completely different funding scheme. While I do feel for seniors who get priced out of their homes, that feeling it mitigated somewhat knowing they are in that situation because they are sitting on a large asset. If we want to treat housing as an “investment” we have to take the good with the bad.

Couldn't say from NH. It's the only source of revenue, so they go up no matter what housing values do.