Up here, as values go down, the mill rate goes up to keep the revenues flowing. And as for real estate on this part of the Range, it’s a piranha feeding frenzy of bizarre legal attacks against ranchers, schemes for more regulations, etc. Some group entities are trying to get it all for nothing.
The debt regime will correct itself with eventual default, IMO. All who can hang on until then will have a chance for small government without all of the weirdness of the past three or so decades. ...no revenues for it, and no manufacturing for sustainable revenues to keep it going.
Really. Our town council in No. VA raised the mills a couple of years ago a year after we bought our house saying”..but your total tax will go down.” However, here around DC, house prices have started to recover. Guess what! Our house just got revalued to a level that increased the property tax to more than the tax when we bought at the peak of prices even though it’s below our purchase price. Go figure.
IMO, that lack of a “sustainable” manufacturing base is the root of all this crap.