3 ms·
What level of property tax are you proposing? Raising property taxes raises housing costs for everyone.
by trollbridge 5mo ago
What level of property tax are you proposing?
Raising property taxes raises housing costs for everyone.
- vannevar 5mo agoA progressive property tax would actually lower housing costs, by reducing real estate prices. There would be a homestead exemption, so there would be no impact on taxes for individual homeowners. I think it would tend to stabilize rents, as larger landholders would be forced to shed properties, which would be snapped up by smaller ones. The overall effect would be a decentralization of real estate, which in turn means a decentralization of wealth.