When you think about property taxes relative to income, it highlights how burdensome they are. Someone earning $100k/yr, owns a $500k house, paying 1.5% annual property tax, pays $7,500/yr, or 7.5% additional tax relative to income!!
When you think about property taxes relative to income, it highlights how burdensome they are. Someone earning $100k/yr, owns a $500k house, paying 1.5% annual property tax, pays $7,500/yr, or 7.5% additional tax relative to income!!
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