I Would Like the Value of My Home to Rise, While My Property Taxes Fall
This article explores the economic paradox where homeowners desire rising property values while simultaneously demanding lower property taxes. It discusses recent legislative shifts in the U.S. that redistribute tax burdens from homeowners to commercial property owners.
Why it matters
It explains the political and economic tensions driving current property tax reform debates in the United States.
Many of us are inconsistent in our economic desires. I would like the price of my home to rise, because it increases my wealth, but I would also like the prices of all other homes to fall, so that I could sell my house and buy an even nicer house. Also, I would like to have the value of my house rise, but also pay lower property taxes. David Schleicher digs into the second issue in “ The Great American Property Tax Freak Ou t” (posted online at SSRN on September 1, 2026). He writes:
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