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The tax rate can also be passed down to your heirs upon your death. It also covers commercial buildings. What was originally sold as "don't tax grandma out" is
by scurvy 11y ago
The tax rate can also be passed down to your heirs upon your death. It also covers commercial buildings. What was originally sold as "don't tax grandma out" is obviously a power move to create a land holding elite.
I'm a property owner, but I don't really like the system. I also don't like how mismanaged the property taxes here are, but that's another thread.
- hvmonk 11y agoCan't agree more. The laws made in late 70s were made to benefit a specific class of people, and they are most vocal against any change which is aimed to bring equality.
- DrScump 11y ago"The tax rate can also be passed down to your heirs upon your death." So can rent-controlled rents, believe it or not.