Quote:
Originally Posted by jeffk
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There is nothing mysterious here, this is the way the property tax system is DESIGNED to work. The "wealthy" property owners are expected to pay a bigger portion of tax than the more modest property owners.
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The property tax, based on likely selling price, is fundamentally a tax based on someone else's ability to pay it. However, it sure works to the benefit of towns with a lot of vacation property, owned by folks "from away" who have no say in spending and get little in the way of services from the town. It isn't likely to change, but it tends to force out long-term property owners.