top | item 35397163 (no title) oerpli | 2 years ago This is well known to be wrong. I'm not sure why it's repeated so often. discuss order hn newest alexchantavy|2 years ago Got a link I can learn from? nayuki|2 years ago I can't speak for the US, but in Canada the city's budget is set first, then all the properties are appraised, then the property tax rate is determined. Expensive properties do not automatically increase the city's tax revenue. See: https://torontoist.com/2014/01/everything-you-ever-wanted-to... , https://www.youtube.com/watch?v=nrWry5i3TBU load replies (2)
alexchantavy|2 years ago Got a link I can learn from? nayuki|2 years ago I can't speak for the US, but in Canada the city's budget is set first, then all the properties are appraised, then the property tax rate is determined. Expensive properties do not automatically increase the city's tax revenue. See: https://torontoist.com/2014/01/everything-you-ever-wanted-to... , https://www.youtube.com/watch?v=nrWry5i3TBU load replies (2)
nayuki|2 years ago I can't speak for the US, but in Canada the city's budget is set first, then all the properties are appraised, then the property tax rate is determined. Expensive properties do not automatically increase the city's tax revenue. See: https://torontoist.com/2014/01/everything-you-ever-wanted-to... , https://www.youtube.com/watch?v=nrWry5i3TBU load replies (2)
alexchantavy|2 years ago
nayuki|2 years ago