High property taxes are good

Post by freeone3000 » Wed, Jul 20, 2022, 8:54 PM UTC

hammock wrote: post #174

bbatha wrote: post #168

Earlier quoted context omitted.

Outside of California "you paid $500k for your house, so we're gonna tax you on $500k" is not how property taxes work. The town/city/county typically does property assessments on regular basis (usually annually). These are based on doing comparisons with like houses in your neighborhood and are equal prone to "2 blocks over is way more desirable".

Difference without a meaningful distinction. Houses are bought on credit, that credit isn’t approved without an appraisal that supports the price being paid, and that appraisal is done using comps similar to a tax assessment.

Post by tptacek » Wed, Jul 20, 2022, 8:57 PM UTC

sokoloff wrote: post #321

tptacek wrote: post #318

Earlier quoted context omitted.

Again, that is inherently a policy decision that reduces density and affordability; by definition, "landlords" are people that own and operate multi-family dwellings. You could just as easily ask "why not give more of a preference to landlords?" It's probably useful for you to understand my, uh, priors? about this, which include the fact that I live in an overwhelmingly SFZ community that actively works to prevent th…

There's plenty of landlords who own SFRs as well. Building for building, I don't think tax policy should favor landlords over owner-occupants. How zoning should work is an orthogonal question in my view.

Post by mdcds » Wed, Jul 20, 2022, 8:59 PM UTC

honkycat wrote: post #270

mdcds wrote: post #223

Earlier quoted context omitted.

What was the original mandate for the US Fed Gov? Focus on international affairs and waging war, and let states handle the rest?

You realize that was almost 250 years ago at this point. Constitutionaliam is a grift run by conservatives to smoke screen their agendas. Nobody argues it in good faith.

Post by dragonwriter » Wed, Jul 20, 2022, 8:59 PM UTC

rcpt wrote: post #266

dragonwriter wrote: post #198

Earlier quoted context omitted.

> I think something like California's Prop 13 that puts a cap on property tax increases is a better idea Prop 13 is one of the worst ideas in taxation ever. It would be better just to let the aged and disabled freely defer property taxes beyond a certain, income-based level (and maybe also to let other people do the same with certain limits on total deferred amount relative to assessed value for time-unlimited deferr…

We have that already. The California Tax Postponement Program. It stacks on top of Prop 13. Prop 13 is just a handout, it could disappear overnight and grandma wouldn't have to pay a dime.

Post by curious_cat_163 » Wed, Jul 20, 2022, 9:05 PM UTC

freedude wrote: post #276

Coming from a state with a higher property tax rate I can qualify this by saying higher is not better. Taxes are always a disincentive. While the author claims it is a disincentive to sitting on a property and is comparing it to the effect on price like the FED's interests rates, these comparisons are myopic. He misses the bigger picture of longevity of private property ownership, the Constitutional protections of a…