Total property tax rate (school + city) is between 2.7 and 3 percent, depending on valuation. I live in an area with fairly moderate swings in valuation.
In small cities like mine, it's killing the housing stock, as taxes are increasing faster than wages, and people are deferring maintenance.
In small cities like mine, it's killing the housing stock, as taxes are increasing faster than wages, and people are deferring maintenance.