I would want to see statistical backing for this. Kindly share if you know of any reasonable models that have studied this.
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FWIW: Chicago has high property tax rate and it does seem to correlate to relatively steady median price movements.
But that is just one example…
There are likely other factors at play in Chicago as well: number of units of supply per capita and quality of public transportation come to mind as two that might have some bearing on housing prices.
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FWIW: Chicago has high property tax rate and it does seem to correlate to relatively steady median price movements.
But that is just one example…
There are likely other factors at play in Chicago as well: number of units of supply per capita and quality of public transportation come to mind as two that might have some bearing on housing prices.