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> Taxing property has a massive advantage of stability and predictability for local governments. As pointed out by another commenter - this is exactly what Pro
by zepto 6y ago
> Taxing property has a massive advantage of stability and predictability for local governments.
As pointed out by another commenter - this is exactly what Prop 13 provides.
Taxes are predictable for owners, which by definition makes them predicable for local governments too.
It is exactly a compromise - property is still taxed, but in a stable and predictable way.
- sokoloff 6y agoSo, when you said: > Property taxes are an absolutely terrible way to fund local government. Other countries don’t do it that way, and there is no reason we should. What did you mean? I was replying to that assertion by pointing out the benefits of taxing property as a means to fund local government.