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> Why would current tax payers volunteer to pay more so that more people can come into their neighborhood, devaluing their property by increasing noise, light a
by pcwalton 9y ago
> Why would current tax payers volunteer to pay more so that more people can come into their neighborhood, devaluing their property by increasing noise, light and chemical pollution?
Rayiner's point is that current tax payers won't pay more, because new residents result in a higher tax base in the first place.
In California with Prop 13 and widespread rent control, this is especially true.
- crzwdjk 9y agoIn California with Prop 13, the current tax payers' property tax rates are well below those of newcomers regardless. So they have no incentive to change things, since their taxes stay at the same low rate either way, whereas in a normal state, I have an incentive to get as much new development in my town as possible to add to the tax base, especially if that new development is stuff that doesn't require lots of expensive infrastructure or tax subsidies.