and if inflation is under 2% and the city always increases by the maximum of 2%,... | Hacker News

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		ghufran_syed on April 29, 2021 \| parent \| context \| favorite \| on: Google is saving $1B per year as a result of emplo... and if inflation is under 2% and the city always increases by the maximum of 2%, then eventually the value of the property tax paid will be infinite, right? How is that analysis useful?

adrianN on April 29, 2021 [–]

If you make property tax a fixed percentage of the value of the property, it automatically adjusts with inflation.

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