
This is a bit of a miss characterization though, because property taxes are typically set by dividing the local government budget over the total value of all properties within the municipality. If your house value went from 200k to 500k while you owned it, so did everyone else’s in the town, so your “share” of the municipal budget is the same. If the tax base grows by adding commercial/industrial property that doesn’t draw on services, but pays tax, your share goes down.
English


















