Quote:
Originally Posted by MarchHare
That just shows a poor understanding of economics/finances on your part. You didn't lose an extra 5% of your income because your property tax bill went up by 5%.
Hypothetical example: let's suppose you make $50,000 per year and you pay $1000 in property taxes. The next year, you get a 2% salary increase and your property tax is increased by 5%. You're now making $51,000 per year and paying $1050 in property taxes, leaving you net ahead by $950 compared to the previous year.
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Right, assuming nothing else goes up in price
