291–300 of 620 posts
What's the deal with Brock Whittaker's website at brooock.com, anyway? It only seems to have one page: http://brooock.com/a/property-taxes-are-good >. There's no home page, no list of other posts. Kinda disappointing, really, since I was curious to see what else this guy had to say.
Funding local public schools through property taxes is terrible, and makes sure that kids from wealthier neighborhoods get better public schools. Kids are a special case; we even expect people without kids to pay for kids. Public education should be uniform and high-quality, not dependent on local political dynamics and neighborhood wealth (and wealth disparities.)
Funding local public schools through property taxes is terrible, and makes sure that kids from wealthier neighborhoods get better public schools. Kids are a special case; we even expect people without kids to pay for kids. Public education should be uniform and high-quality, not dependent on local political dynamics and neighborhood wealth (and wealth disparities.)
Where does it happen like that? I. California we stopped local school funding with Serrano v Priest 50 years ago
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Why does grandpa get to live in a two bedroom apartment in the LES during retirement when so many other people can't afford it despite working for a living ? If he owns, you'd think that he could sell the two bedroom and downgrade to a one bedroom to keep the monthly cost down. Or even a studio. But at some point it's an incredibly desirable, expensive neighborhood and I'm not sure anyone deserves the privilege to li…
> I'm not sure anyone deserves the privilege to live where they want as long as they want. You'll grow older and possibly understand. There are things that must be experienced, they can't be learned in any other way.
Here's a crazy idea: 0% for primary residence, 50% for income properties (rentals, etc.). Will it kill renting? Heck no, not for property owners who live in one of their own units, at least. It might affect individuals and entities who hoard and exploit people, though.
There is so much incompetence and political game playing regarding property taxes. I work in commercial real estate development. We negotiated a TIF district in a small midwestern town to help redevelop their vacant mall. In theory, if we could redevelop the mall and fill it with new stores, the sales taxes and property taxes from this growth would greatly benefit the city over the long term and help finance this ris…
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I don’t think that’s a meaningful difference. It would take an extreme property tax to actually incentivize an empty field over productive use of that space. It might in theory make a difference when considering replacing a 40 story building with a 42 story one, but in practice you really don’t see that kind of construction project. In that context pushing for larger jumps before replacement might actually be economi…
Have you ever seen a flat parking lot in the downtown of a US city? Low property tax (because it's unimproved) plus real estate speculation.
Putting in a 10 to 25+ million dollar multiple level parking garage can pay off, but only if there is enough demand for it and you can get zoning permission.
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property taxes are terrible for old people. you should be able to buy a reasonable amount of land tax free. USA has about 2.5 billion acres. 1/4 acre per person in an average area tax free is reasonable.
Just allow the elderly to accrue property/land tax debts against the value of the property, redeemed when sold/transferred or on death.
In my region of northern New Hampshire, there are a lot of retired folks with houses rising from $200k-ish values to closer to $500k-ish values in the last 5-10 years. As such, there's a lot of discussion around lowering property taxes to help these retirees. In my opinion? Fuck 'em. Property taxes are a brilliant method of perfectly progressive taxation: you can always choose to live in a cheaper home. If your home…
Southern NH here and I would be interested to see if NH's eye-watering property taxes (when you only have one lever, it gets used a lot) have a similar effect as Chicago. Personally, being somewhat involved in city politics, while I appreciate your take, it does mean pricing people out of their forever homes when they've done nothing more than retire to a fixed income in the middle of a bubble. I don't have the answe…
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Doesn't Prop 13 also apply to commercial property? And second/third/30th houses? I think they smuggled a bear in as a rabbit with this one.
It does, but commercial property tends to change ownership and undergo construction more often. Therefore property taxes on commercial property tends to be higher. As a result, cities have an incentive to build commercial property over residential homes. The result is that the people working in those offices are competing for limited residential space (leading to high prices) and often have to settle for long commute…
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