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Seattle (and maybe Washington state) has been changing the formulas to tax land more and improvements. So given my townhome on a small parcel of land, my property taxes have actually been falling for the last few years. It is a bit weird, but I guess this encourages improvements over hoarding land. I bet that my tax break is being paid by WFHs on larger parcels.

Nothing as drastic as Detroit, of course, and I don't think Seattle is alone in moving the bar gradually to taxing land more and improvements less.




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