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A comment on Americans Need to Be Richer Than Ever to Buy Their First Home. Parent comment

Re:Americans Need to Be Richer Than Ever to Buy Their First ... by jerlam on Wednesday October 15, 2025 @07:25PM (#45599575)
Calculation of property taxes are different across jurisdictions, you are talking like your rules apply to every system in the world.

I believe in the poster's jurisdiction, property taxes are based on a percentage of the property value and are independent of the city's actual budget.

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Re:Americans Need to Be Richer Than Ever to Buy Their First ... by Mars008 on Wednesday October 15, 2025 @10:03PM (#45600691)
That value is usually calculated from last sale plus no more than some small percentage each year. I.e. if home 'went up in value' but didn't sell tax doesn't change much.
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