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This is demonstrably false, just because my property is "developed" (I'm not sure what developed vs non-developed means in this context) does not mean I consume
by muaytimbo 5y ago
This is demonstrably false, just because my property is "developed" (I'm not sure what developed vs non-developed means in this context) does not mean I consume more services. Homeowners are under no obligation to consume more city services because their property is nicer.
- seanmcdirmid 5y agoValue is a proxy for utilization. The alternative is a straight up land tax that would be unfair to those who decide to leave their property undeveloped.
- muaytimbo 5y agoFalse choice. Another option is no tax.
- seanmcdirmid 5y agoOh yes. China doesn’t have a property tax and only a tax on property sales. The result is that apartments are seen as speculative assets and cost way more than they do even in the USA. The results of no tax on property are very predictable.