4 ms·
> you move to a cheap place, some time later its value increases and now you have to pay more tax, why? This is already true for most implementations of proper
by gretch 3y ago
> you move to a cheap place, some time later its value increases and now you have to pay more tax, why?
This is already true for most implementations of property tax (at least in the US). You get reassessed and then pay tax based on the new value.
The group that has tried hardest to mitigate probably is California with prop 13, and even that can only limit property tax increases to 2% per year. When we study that we see that it can always happen just because inflation is a background force in play. And then also, look at all the wonky side effects that take place when you try to prevent this from happening.