Can you explain how that has no impact on the total amount collected.
If the tax is a percentage of property value and the property is being intentionally under valued then if they were assessed at their current value after 8 years of growth would that not increase total amount collected?
Wait till you find out not only have they not been increasing the tax rate but they also use property values from 8 years ago.
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Can you explain how that has no impact on the total amount collected.
If the tax is a percentage of property value and the property is being intentionally under valued then if they were assessed at their current value after 8 years of growth would that not increase total amount collected?
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Property tax in general disincentivises improving properties. We should really switch to a land value tax