Isn’t that the way it should be? In Florida it’s capped low per year also…you bet the county raises it the max each year. My 95 year old neighbor has a yearly tax bill of 590, mine was 6k. If I stay in my house 50 years, my tax bill will be 1 tenth that of the new owners too.
Its good and bad. I’m conflicted about it, because I think everyone should pay a fair share of the property tax. The person that moved in 20 years ago and the person that moved in yesterday should shoulder the same amount of burden if their properties are equivalent.
But I also think its stupid that my property tax goes up just because some idiot decided to overpay for the house a few houses down the street.
I simply don’t like the idea that the property tax is tied directly to the appraised value of my house. It should really be tied to the size of the land that I am occupying and the total cost of running the city/county that I am in. If I build a fancy shed (insert any structure here) in my backyard, that shouldn’t really cause my taxes to go up even if it increases the value of my property. The only exception is if I change the dwelling type. If it goes from a single family home to a multifamily unit, then definitely the tax rate should be reevaluated, if it is using the infrastructure more.
Isn’t that the way it should be? In Florida it’s capped low per year also…you bet the county raises it the max each year. My 95 year old neighbor has a yearly tax bill of 590, mine was 6k. If I stay in my house 50 years, my tax bill will be 1 tenth that of the new owners too.
Its good and bad. I’m conflicted about it, because I think everyone should pay a fair share of the property tax. The person that moved in 20 years ago and the person that moved in yesterday should shoulder the same amount of burden if their properties are equivalent.
But I also think its stupid that my property tax goes up just because some idiot decided to overpay for the house a few houses down the street.
I simply don’t like the idea that the property tax is tied directly to the appraised value of my house. It should really be tied to the size of the land that I am occupying and the total cost of running the city/county that I am in. If I build a fancy shed (insert any structure here) in my backyard, that shouldn’t really cause my taxes to go up even if it increases the value of my property. The only exception is if I change the dwelling type. If it goes from a single family home to a multifamily unit, then definitely the tax rate should be reevaluated, if it is using the infrastructure more.