This study examines the concurrent relationship between tax rates and local property tax bases using data from one sizable U.S. (United States). the city for the fiscal years 2016–17, 2017, 2018, 2019, 2020, 2021, and 2023. I discovered that a 10% increase in the city's property tax rate results in a 1.5% reduction in the tax base. In addition, the city's property tax base is negatively impacted by local income taxes and taxes collected by neighbouring districts. Local sales taxes, on the other hand, seem to have a negligible effect. I concluded that taxes impact local property values more than is commonly thought.