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If the tax could add up to more than the value of the property, doesn't that mean the tax is way too high and should be capped?
by erikpukinskis 9y ago
If the tax could add up to more than the value of the property, doesn't that mean the tax is way too high and should be capped?
- aninhumer 9y agoNo? Whatever rate you set it at, if you let people defer it indefinitely, it can eventually exceed the value of the property. That in itself doesn't imply the rate is too high.