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Many states have similar laws and they don't see the same massive real estate costs. High property cost is almost entirely demand based.
by ryathal 2y ago
Many states have similar laws and they don't see the same massive real estate costs. High property cost is almost entirely demand based.
- Balgair 2y agoI'm sorry. What other state has it so that taxes only reset upon sale?
- ryathal 2y agoMaine, New Hampshire, Tennessee, and Vermont are the only states that don't have any limits on the increase in property taxes. California may be on the low end at 3%, but most are limiting to less than 10% growth. You can read more here https://www.kiplinger.com/taxes/property-tax-cap-by-state https://www.kiplinger.com/taxes/property-tax-cap-by-state