Given that the float is so small, I think the asking price for rent is getting increasingly out of touch with what people are really paying, especially with ren

Given that the float is so small, I think the asking price for rent is getting increasingly out of touch with what people are really paying, especially with rent control. To make it less volatile they might as well just pick a number every year, the annual tax for a median house, then scale it in a relative sense based on relative house prices between taxpayers. They would more or less do that in a roundabout way anyway by tweaking the percentages every year.