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Does america have progressive or flat land taxes? Progressive land taxes (higher % tax of land value if you own more of it) make intuitive sense for housing aff
by dvasdekis 6y ago
Does america have progressive or flat land taxes? Progressive land taxes (higher % tax of land value if you own more of it) make intuitive sense for housing affordability, but I read the Wikipedia[1] and only understood that 'it depends'.
https://en.wikipedia.org/wiki/Property_tax_in_the_United_States https://en.wikipedia.org/wiki/Property_tax_in_the_United_Sta...
- toast0 6y agoMy understanding is that most jurisdictions, but certainly California and Washington state have two types of property tax levies. 'Ad valorem' aka by value, which is a percentage of assessed value (one flat rate for all parcels, not progrssive), and per parcel taxes which is just a specific dollar amount added to each separate parcel. There's some state by state adjustments to try to benefit owner occupied properties, but the degree to which it helps varies greatly; the California owner occupied exemption saves abou $70/year in taxes (woo?). I'm not aware of progressive property taxes, but there's a lot of different jurisdictions.