This is an example of how the media shades the truth. If you're on TIPPS which most people these days are, you pay monthly based on last year's taxes, and when the tax bill for this year is issued, your payments are adjusted accordingly. So if you paid 1500/mo for 6 months and your tax bill is $38,000 then you have to make up the difference in the remaining 6 months. It's not a 4.27x increase in taxes, it's a 4.27x increase in payments.
Likely last year's taxes were $18,000 so a big jump, but last year there would still have been a business tax bill which was fully eliminated this year. So a big increase but not as big as it looks.
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