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I think we are pretty aligned on this topic. My ulterior motive for pushing for high property taxes is to satisfy a mental curiosity I have -- will raising pro
by mcny 3y ago
I think we are pretty aligned on this topic.
My ulterior motive for pushing for high property taxes is to satisfy a mental curiosity I have -- will raising property taxes to sky high rates (my ideal cap is about seven to eight percent of the sticker price of the land) lower the sticker price of the land/property?
I just want to know what happens if you have to pay the sticker price of a piece of land (compounded) every ten years or so.
But that's not relevant to why a policy maker should choose to raise property tax over income tax.
You could argue both ways here - income taxes are straightforward because you can basically get your cut at the source of income but property taxes are good because you can't hide or take land with you to another state.
And in general, I am not an expert on this or any matter but California is very lopsided with prop 13.
I don't even live in California.