This article argues that relatively high property taxes are good. It's a geographically zero-sum situation. Real estate is a rivalrous good and people will pay

This article argues that relatively high property taxes are good. It's a geographically zero-sum situation. Real estate is a rivalrous good and people will pay as much as they can afford to buy it. High property taxes put political pressure on interest rates, which in turn have broad effects on the economy. Economic mechanisms like this, which don't change anything in the physical world, almost never have any long-term impact, positive or negative, since the economy is a densely-connected network. Findings of large effects depend on stopping accounting somewhere, and you can get positive or negative findings depending on where you stop. Money juggling is a great distraction from what really matters: physical quantities and actions.