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Wouldn't that apply to existing property tax systems or any tax where the value it is based on is only assessed periodically?
by harimau777 3y ago
Wouldn't that apply to existing property tax systems or any tax where the value it is based on is only assessed periodically?
- Alupis 3y agoYes, and it's been long bemoaned about how people game that system and how unfair it has a tendency of being. Which was one of the points I was raising. There is no objective valuation for anything really... particularly when it comes to more-or-less unique, speculative properties such as land and/or improvements. The only reason everyone mostly agrees on, say a car's value is there's a lot of cars exactly like it that have been sold recently in whatever area you are in. Yet, every plot of land is mostly unique and has a tremendous amount of potential, debatable factors when it comes to value.