trey on Nostr: Property taxes are so insidious. Other people print money, causing the nominal value ...

Property taxes are so insidious.

Other people print money, causing the nominal value of your house to increase.

Property taxes are assessed on the current value of your home, so as the property value rises, so does your tax bill.

But that extra home value is not liquid and therefore not accessible to pay the increased tax burden.

If the property tax rises too much, some people may need to take on debt or even sell the property to pay it.

This should not stand in any civilized society.