“I’m paying higher property taxes and I haven’t had a raise in years.” Sound familiar?
You are not alone.
Property taxes are a regressive tax – the tax falls harder on those with less means. Property tax bills take a bigger bite out of the paychecks of people who have not received a raise in years. At the same time, the very wealthy see their tax bill as a smaller share of their increasing piece of the pie.
I fielded many questions lately about property taxes.