2 ms·
> what is the government's justification for taxing the value of land I own outright? Well, where I live (which is not in the USA) value-based land taxes go to
by bregma 3y ago
> what is the government's justification for taxing the value of land I own outright?
Well, where I live (which is not in the USA) value-based land taxes go to the municipality and the school board. They pay for municipal services I benefit from: fire, police, EMTs, road maintenance, waste collection and processing, recreational facilities like a park, a library, and a swimming pool. Also schools, but that gets more complicated since some funding for education also comes from a higher level of government which collects income taxes.
Now mind, I live of 25 ha of swampland. But I get excellent value for my land-value-based land taxes.