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Those property prices aren’t unreasonable given lack of property tax and higher population density. It’s the same in india. https://www.bloomberg.com/gadfly/ar
by naveen99 8y ago
Those property prices aren’t unreasonable given lack of property tax and higher population density. It’s the same in india.
https://www.bloomberg.com/gadfly/articles/2018-03-08/don-t-bet-your-house-on-china-s-property-tax-just-yet https://www.bloomberg.com/gadfly/articles/2018-03-08/don-t-b...
- ericd 8y agoIIRC there's also no such thing as property ownership in the US sense - it's just a 70 year lease, which can be renewed.
- naveen99 8y agoin 70 years, i will have paid for my property 3 times over in texas property taxes. So the US sense is more like a 20-40 year lease depending on the tax rate.
- ericd 8y agoFair point. I guess Nevada is the only place I've heard of where you can buy out of property taxes for a one-time fee.
- naveen99 8y agoI'm having a hard time finding details on nevada. is it in here ? not finding it with a few quick keywords or under exemptions. https://nevadataxpayers.org/wp-content/uploads/2016/10/property-tax-2015.pdf https://nevadataxpayers.org/wp-content/uploads/2016/10/prope...