this post was submitted on 10 May 2026
614 points (95.8% liked)
me_irl
7722 readers
2401 users here now
All posts need to have the same title: me_irl it is allowed to use an emoji instead of the underscore _
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
In most places in the US, the assessed value of homes that have been owned for more than a decade is significantly less than the market value of a home.
The property tax burden therefore falls more on new home buyers rather than existing home owners. Eliminating the tax on the first portion of assessed value would make this existing imbalance worse, especially if the same amount of tax needed to be raised.
It's a tricky problem.