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That is kind of what we do with property taxes. Taxes on the value of the property from year to year.
by pkaye 9y ago
That is kind of what we do with property taxes. Taxes on the value of the property from year to year.
- isostatic 9y agoAnd that's good - although fairer if it's only based on the value of the unimproved land, rather than the improvement. We don't want to stop people from demolishing a slum and building a nice house because the taxes will increase, we want them to discourage owning the slum, leaving it abandoned, and waiting for the land to appreciate in value.