For a family with a $250,000 home, their bill could go up by $650 a year. And with a $400,000 home, you could pay an additional thousand dollars. Before you brush this off because of income sensitivity, remember, The vast majority will still see an increase [in property taxes]. And renters don't typically pay property taxes directly. But if a landlord receives a thousand dollar increase on their four unit building, I'm pretty sure it will be passed on to those who live there. (28:15–28:24)
CLAIM
Asserts that most people will experience an increase in property taxes.
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