Quote:
Originally Posted by Winilyme
Okay, but when property values increase, I've always felt it sort of gives politicians/voters the idea they have more money without having to increase the tax rate. So, with this 'permission' they are less reluctant to curb the temptation to spend. It's a bit of smoke and mirrors but I think higher property values do have a role in the spending decisions that follow and in resultant future tax hikes. They don't directly 'cause' tax increases but they may 'encourage' additional spending. And once those expenditures occur, it's difficult to pull back when property values decrease. It's then that tax rates must increase.
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It's inexcusable for a politician to not understand how these taxes work, but believe it or not, I've run into a couple.