[bestnameever]

Higher property taxes generally would lead to lower home prices.

But really, this applies with anything that you purchase. If the sales tax inceases, you may be taxed more for an identical item that was purchased prior to the sales tax increase.

States and cities have a variety of ways to tax people. They don't need to rely on property tax.

[bryanrasmussen]

>Higher property taxes generally would lead to lower home prices.

this is not my experience - since property taxes are generally related to the desirability of the house and updated periodically (so often years after a price rise in area)

[mitchdoogle]

It's definitely influencing my home buying decision. In Philadelphia area, Delaware County property taxes are a significant amount higher than neighboring Montgomery county. I am looking in both, but my budget is about $30k higher in Montgomery county because of the taxes. I would venture a guess that similar houses in Montgomery county generally sell for more than their counterparts in Delaware county.

[nijave]

Iirc housing is pretty inelastic