Plan to raise cap on property tax growth collapses in WA Legislature

[thatdemguy]

1. Property taxes are squeezing the lower income, and its hidden.

Lower income most likely rent and any property tax increases get passed on to the renters. The owners get to write it off their taxes for a deduction, but there is still an added cost to the renter.

Yes property taxes need to go up as the cost for everything goes up. But maryland does it a decent way, apply for the homestead credit and in a way it locks how fast your property taxes can up. But buy a new house and you reset to the new number.

It does not apply to rental houses thou, so it get passed on to the renter, while the owner gets a tax credit.