Earlier quoted context omitted.
Yeah... I hate property taxes as a concept. That you can lose your property due to simply living another year is kind of messed up. At least, it should be locked to value at purchase adding only inflation. My house (according to the city/county) is worth 3x what I bought it at 5 years ago... If it goes up this much again, taxes will likely reach close to the mortgage payment. It's simply not right. I'd be happy to mo…
This- fixing property tax to purchase price- is exactly what California's Prop 13 did, which has ended up gutting California local governments ( https://edsource.org/2022/californias-prop-13s-unjust-legacy... ). It has resulted in lots of people who aren't paying their fair share into the upkeep of their community, and driving CA house prices insane. It's been a giant fiasco, hurting California's growth, and locking…
As it stands, for one-off spend and in general there are other means of taxation that can be utilized. It doesn't need to be property taxes.