Escrow makes it less likely you'll appeal your assessment. (2) it's not (only) misassessment. Statutory property tax limits in most jrx result in lower tax rates for rapidly appreciating homes --> gentrifying areas have lower rates. NYC has radical disparities. 2/
Read Joan Youngman @landpolicy to learn about the mess of property tax rules across the country, and @ProfAtuahene for the effects of administrative dysfunction in Detroit on minority property owners.
You can follow @at_hayashi.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled: