Unfortunately taxes is how gentrification of neighborhoods removes the poors. If property taxes remember relatively flat for low income property owners they could actually benefit from the equity they put into their homes. Instead of rising with the waters of gentrification they are squeezed out of their home and future benefits of living in an improving neighborhood.
Source: happened to a family member (I’m too poor to buy but too wealthy for HUD)
Blue_Morpho@lemmy.world 5 days ago
It is frustrating when they raise property tax every year, claim it’s for schools, and then announce that music and art need to be cut for budget reasons. Meanwhile they also announce tens of of millions for renovating the business district and tens of millions for the restaurant district.