3 ms·
Seems like it could be made much simpler by making the assessment a put option. Think it's worth less? Easy sale, easy profit! Keeps the assessor honest
by jalapenos 11mo ago
Seems like it could be made much simpler by making the assessment a put option.
Think it's worth less? Easy sale, easy profit!
Keeps the assessor honest
- philippb 11mo agoCan you elaborate, not sure i fully understand what you are thinking. But I want to :)
- jalapenos 11mo agoIt's an old solution to value-based taxation that's very simple and effective: If someone declares a value, the other party can take advantage of it if it's off the mark. So if the value is self-assessed, the state has the option to buy at that price (and vice versa if state-assessed). This nullifies cheating without any complexity or contention required. You won't undervalue your property to get an e.g. 30% lower yearly tax rate if that risks the other party then buying it to realize a 30% profit (and 30% of total loss for you).