3 ms·
But those rules are specific to California? I'm confused why people seem to be suggesting that a land value tax is the only possible solution, when an alternati
by seoaeu 5y ago
But those rules are specific to California? I'm confused why people seem to be suggesting that a land value tax is the only possible solution, when an alternative would be to just make taxes in that state work the same as elsewhere.
- zip1234 5y agoCalifornia is not unique in capping property tax increases in that way. Other states do it. California has a uniquely bad law though since the capped prices can be passed on to family. I agree that LVT is not the only way to fix those issues but LVT has some other benefits as well (such as discouraging empty lots).