Can anyone explain to me why, when the “values” of houses go up, taxes do as well? Does it suddenly cost the government more to support the infrastructure?
That is just government, protecting themselves from the effects of inflation.
Besides, they "need" all the income they can extort from the citizens. Anything that will automatically raise taxes is going to find favor with government officials. It makes it much easier to avoid being blamed.
There is very little connection between the value of a property and the cost to government of supporting related infrastructure. The direct connection is with the number of people using the property.
Property taxes will skyrocket 40-50% with Jared Schutz Polis MIA from promised action...Jared Schutz Polis has yet to put forth any plan to prevent a looming bloodbath and cap residential property tax increases as he promised .
https://freerepublic.com/focus/f-news/4145012/posts
Many locations will adjust the tax rate (lower it) after adjusting the values (raising them) to make it revenue neutral.
Some other locations will turn it into a tax windfall—no one size fits all.
IN many states taxes are applied in ‘mills’ - a single mill may cost a homeowner with a $100,000 house $5.00 in taxes per year.
If the home is now worth $200,000 the tax is now $10.00.