4 ms·
I live in NYC and the city does indeed charge higher property tax on more valuable properties, so I'm not exactly sure what point you think you're making here?
by CydeWeys 4y ago
I live in NYC and the city does indeed charge higher property tax on more valuable properties, so I'm not exactly sure what point you think you're making here? Charging property tax proportional to the value of the property is common across basically the entire world (as far as I'm aware).
- splix 4y agoI know. I'm just wondering if they increase the tax by 80x for those properties (like $12 -> $850), do you think it will make the overall market better somehow?