A Boring Dystopia

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‘My Property Tax Went From $15K to a Life-Altering $91K a Year’ (www.yahoo.com)

submitted 1 week ago by ByteOnBikes@slrpnk.net to c/aboringdystopia@lemmy.world

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[–] LovableSidekick@lemmy.world 1 points 1 week ago

You don't have to remodel. Just living in an area that becomes more desirable makes your home value go up, and your taxes go up in step with that. I'm not talking about inflation, I'm talking about areas taking turns being the trendy place to live. Just because you've been there for a long time, you pay the same tax on the house you paid $100k for as somebody who buys the house next door for $500k, because their willingness to do that makes your house worth $500 too.