Property Values Down, Property Taxes Up

A neato little chart that actually surprised me which shows property tax revenue for the state overtime. You would think with the collapse in property values, property taxes, which are BASED on property values would go down. Hoo ho ho! You foolish boy;







I knew Minneapolis would keep jacking up their property taxes, but I didn't know the state as a whole would too.



And people wonder why property values keep dropping.