4 ms·

Property tax caps can be a good thing in inexpensive areas. Indianapolis instituted a property tax cap almost a decade ago when some unscrupulous politicians u

by neap24 10y ago

Property tax caps can be a good thing in inexpensive areas. Indianapolis instituted a property tax cap almost a decade ago when some unscrupulous politicians used the appraisal office to gain tax revenue by artificially raising everyone's valuation. I suppose the same thing could happen in California, but at least you have the potential to sell your house for a profit there.

hx87 10y ago
The solution to that problem is to vote out said politicians, not impose a property tax cap.
eru 10y ago
Ideally, a land tax would tax away all land rent (but none of the capital income from the house on top). If well designed, one can't take more than 100%.