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Unless the marginal property tax rate is over 100%, It's almost always going to be worthwhile for the property value to go up. At the very worst you could borr
by YokoZar 12y ago
Unless the marginal property tax rate is over 100%, It's almost always going to be worthwhile for the property value to go up. At the very worst you could borrow against the extra equity, pay off the tax, and recoup when you do finally sell. Or die.
- logfromblammo 12y agoThink for a moment about the justice of a tax that requires someone to secure a loan in order to pay it.
- Kalium 12y agoIn the case of property taxes, that's a strong hint that your property is badly underutilized. That isn't an injustice. What YokoZar was describing wasn't that, though. YokoZar was describing a way to turn a profit on increasing property values.