The act of keeping a certain areas property tax low instead of a percentage of what properties around them have sold for. A grandfather clause allowing lower income people to keep current tax rate until their property is sold.
With the increased amount of people moving to Austin the state could benefit from a anti-gentrification law that allows homeowners who have lived there more than 20 years to keep their existing tax rate.
by 4dppl July 9, 2020
Get the Anti-gentrification mug.