CDL.TO
Moderator
Well, on the flip side Tewder's comment did spur some more substantial discussion.
Sorry, but you don't understand how property taxes work. Changes to land values have no effect on total taxes collected.
You need to look into mill rates and how they're calculated.
Ummm...property taxes DO grow with the economy. More workers mean more factories, offices, commercial real estate, etc. All of those are taxed. It also means higher house prices which means more residential tax per household. Plus, a growing economy will attract more workers which means more development a further increase to tax revenue.
Sorry, but you don't understand how property taxes work. Changes to land values have no effect on total taxes collected.
You need to look into mill rates and how they're calculated.