Q & A: How do property taxes affect the value of houses? | Finance ...

Question by Eric : How do property taxes affect the value of houses ?
A town Decides to finance public school improvements by raising property taxes, (but some of the money is pocketed). How will this change in policy affect house values ??in the short run and long run? Best answer:
Answer by

calif_forever
Normally, the property value affects the property tax, not the other way around. The property tax = (assessed value x taxrate) plus other local levies examined as street lightning, garbage collection, etc. ..

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Source: http://www.lovefinanceinfo.com/2012/03/q-a-how-do-property-taxes-affect-the-value-of-houses/?utm_source=rss&utm_medium=rss&utm_campaign=q-a-how-do-property-taxes-affect-the-value-of-houses

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