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Regular property tax works fine. Montreal recaptures the increase as values rise through transfer taxes and ocassional reassesments.
by freeone3000 6y ago
Regular property tax works fine. Montreal recaptures the increase as values rise through transfer taxes and ocassional reassesments.
- klipt 6y agoUnfortunately California doesn't have regular property tax thanks to Prop 13: even if values rise, taxes don't. So high speed rail in California is always going to be a boondoggle.
- wombatpm 6y agoTransfer taxes are avoided by the wealthy. See London and NYC. An LLC purchased property. From that point the LLC is bought/sold/merged and the assets never change ownership
- deleted 6y ago[deleted]
- deleted 6y ago[deleted]
- andrepd 6y agoMaybe that ought to be fixed as well.