How property-rich is your city? The answer isn’t just a bragging point. It directly affects the day-to-day lives of you and everyone in your town.
The level of service that a city provides to residents is largely driven by how much property tax it can collect.
Since property owners pay taxes based on their land’s estimated value, municipalities with lots of valuable property collect more taxes and can afford to provide more services – such as fixing roads, maintaining parks or increasing police patrols in high-crime areas…