A Boring Dystopia

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‘My Property Tax Went From $15K to a Life-Altering $91K a Year’ (www.yahoo.com)

submitted 1 day ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 11 hours ago

Yeah, the devil would be in the details, of course, and to make sure there aren’t any obvious loopholes. Ideally it would be at increasing brackets as well.

Wouldn’t taxes on above-X value keep prices down? Buying fancy houses as investment could be countered by the additional running expense of taxes.

Basing it on square footage could also work, or as an additional parameter, but might make more sense in cities where space is more scarce.