I'm sure it depends on the jurisdiction, but all the property taxes I have ever paid (which, to be fair, has been in one county) have been a fixed percentage of the value of the property.
Those percentages tend to change over time though, right? What inputs do you think they have to their ideas on how to adjust it?
Those percentages tend to change over time though, right? What inputs do you think they have to their ideas on how to adjust it?