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jdavis703 on Dec 2, 2017 | parent | context | favorite | on: Ask HN: How will the 2018 Tax Cut plan impact Engi...

So if prices do go down, that means property taxes also goes down. So now legacy homeowners get a double tax cut (i.e. they keep the mortgage deduction, and have a lower property tax bill)?

nojvek on Dec 3, 2017 [–]

Old properly owners in CA already have a lower property tax bill since they pay on purchase price, not current market price like WA.

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