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Those are just 'messed up' in California. For some people they're quite low. For the house next door, maybe they are 10 times as much. Property taxes are actually higher in many states because they're not capped. Which in many ways is as it should be so that homeowners share in a bit of the pain from rising prices.


And it causes weird incentives, like keeping land empty and undeveloped, etc.


Property taxes also help keep a lid on rising prices.




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