Quote:
Originally Posted by bizaro86
Wow. That would require property taxes to ~double. Probably this is just to socialize the idea of spending huge amounts of money on this, and they'll end up compromising on only a 40% increase in taxes for this over a 12 year period or something like that.
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If property taxes were to double, which is actually only a 50% increase in the total tax we pay would we see a coresponding drop in property value or a lack of property appreciation as the carrying cost of property would increase?
Or would % spent on housing / tax / utilities just go up.