With home prices up more than 50%, some states try to contain property taxes
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do rising home valuations affect property taxes for homeowners?
They decrease property taxes.
They have no effect on property taxes.
They increase property taxes.
They stabilize property taxes.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one potential drawback of legislative measures to reduce property taxes?
They increase property values.
They lead to higher insurance rates.
They reduce government funding.
They cause inflation.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which states have passed measures to address rising property taxes?
Alabama and Wyoming
Florida and New York
Nevada and Arizona
California and Texas
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one reason insurance companies are leaving Colorado?
High crime rates
Excessive government regulation
Low property values
Wildfires and hail
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
By how much are home insurance costs expected to rise by the end of 2024?
10%
6%
15%
20%
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