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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Delaware also does not adjust [/quote]

Which seems nuts, because of one day progressives take over and complain about equity, they could decide to reassess everything so that the tax base for property taxes would be modernized to make sure 'people pay their fair share'.  It seems like a massive risk to move to states or areas where they don't constantly update their assessments. Assuming assessments will never go up is a gigantic gamble. One day you could wake up to a tax bill that quadruples due to some progressive pols getting aggressive.  Your low tax bill is entirely predicated on politics never changing. [/quote]

This is only an issue for people buying expensive homes, or who are lucky enough to buy a home that massively appreciates. Most people own homes worth way less so even if their tax bill triples or quadruples, their current taxes are so low that it would not even matter that much.

Also higher taxes are tied directly to city services. If your tax bill is going up to pay for the fantastic schools or great parks and amenities, well-- how else can they pay for those.

I am not going to sit around worrying about the possibility that my 500k house in a great area with wonderful schools might double in value and then "of no!" I'll gain a half million in equity in a place where it will be easy to sell because it's appealing to live there, and have to pay a tax my fraction of that equity in property taxes.[/quote]

Not true at all.

$6k tax bill on this $460k home:

https://www.zillow.com/homedetails/1406-Greywall-Ln-Wynnewood-PA-19096/9956995_zpid/

That’s only because the home is assessed at $153k.  Are you really going to say with a straight face that if one day politics changes and they update that home assessment to be taxed at the current value of $460k that a tax bill going from $6k to potentially north of $18,000 wouldn’t sting or matter much to that owner? [/quote]

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