[Fido969]

Property taxes are designed to cover the municipality budget. So, if valuations go up, the rate comes down, and vice-versa.

Now politician will raise the budget regardless of whether values go up or down.

[Svartalfiar]

Property taxes are designed to cover the municipality budget. So, if valuations go up, the rate comes down, and vice-versa.

Now politician will raise the budget regardless of whether values go up or down.

I doubt very many cities/counties lower rates, unless the population forces them to. I know my taxes have definitely bumped up every year, and that's solely because of the city appraisals. There was no rate lowering to match the overall tax from previous years.