Why Your Property Tax Bill Keeps Rising

Property taxes are the largest single source of local government revenue in the United States, yet most homeowners have no idea how their bill is calculated. In this episode, Lucas and Luna unpack the two numbers that drive your property tax bill — the assessed value and the mill levy — using a concrete example from a typical mid-sized city. They explain why assessments lag behind real estate markets, how mill levies are often set to 'balance the budget' rather than reflect services, and why Proposition 13 in California created a permanent gap between what long-time and new homeowners pay. They also look at the rise of tax increment financing districts and how they shift the burden onto residents outside the district. By the end, listeners will know exactly which local official to call and what question to ask when they think their bill is wrong. If you've ever stared at a property tax statement and wondered where the number came from, this episode gives you the mental model to decode it. #PropertyTax #MillLevy #AssessedValue #LocalGovernment #RealEstate #TaxPolicy #Homeowners #California #Proposition13 #TaxIncrementFinancing #MunicipalFinance #AssessmentAppeal #Economics #FexingoBusiness #BusinessPodcast #TaxTips #HousingMarket #FiscalPolicy Keep every episode free: buymeacoffee.com/fexingo