They typically mostly fund schools, which long-time home owners generally aren&#x27;t even using. One of the whole reasons to buy property is to have some long-term residential stability, which doesn&#x27;t happen if property taxes can increase rapidly. If I&#x27;m holding onto my home, I&#x27;ve only captured value in a theoretical sense. I don&#x27;t have any cash to pay for the increased property taxes until I sell.