Author Topic: Why are we subsidizing property taxes of millionaires?  (Read 453 times)

0 Members and 0 Guests are viewing this topic.

Offline TimG

  • Hero Member
  • *****
  • Posts: 2616
How are they not directly affected by it?  They're paying it, even if they don't get a property tax bill.
The amount rent goes up each year is not related to changes in property taxes. The only way renters see the impact of property taxes is through reduced supply as some landlords get out of the business because they can't recover their costs. This leads to higher rents in the long term but there is no obvious connection to property tax rates.