To me, a home with $17,000 in property taxes on it shouldn't be worth $900,000 under any circumstances. It should be worth $0, because it's not an asset anymore -- it's a liability. If it costs you $1,500 per month to live in that home even if you hold the title free of all liens, and before you've paid a penny in maintenance, repair or insurance costs, then it's hard to see it as anything BUT a liability.
I despise property taxes for this very reason. As far as I know there is nowhere in the US where you can ever truly own property.
Same in Memphis, Dems run it. Double property taxes, 1 city 1 county, you get crap for service when Memphis annexes your area. Can’t even get you trash picked up, roads go un-repaird, crime is high. What was once safe neighborhoods are now HOODS.
Step Daughter just missed annexation because Memphis didn’t want the cost of building a bridge, crime has invaded her area big time. She now has to have all packages delivered to a service. She is a small IT business owner who works out of her home. They were so audacious as to open the FedX boxes, and then the boxes inside, and steal the Servers and Routers for one of her customers. Many of the items she has delivered have to be pre prepped before they can be installed.