The idea of getting rid of property taxes is generational warfare.

Jack up the housing costs so no young people can ever afford to buy a house and then cut off the one way that affects YOUR living expenses.

FUCK YOU. Pay your damn taxes and I will pay mine.

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DunningKruger · 61-69, M

Property taxes, sales taxes and all that are all regressive taxes and should be eliminated.

I believe that our taxes should be based entirely on our income, that there shouldn't be a distinction between wage income, interest income and capital gains income, and that it should only be taxed once by the local government, which takes its share and passes the rest up the chain to the next level, which takes its share and passes it on to, ultimately, the federal level.

I'm sure there are plenty of issues with this idea, but it's what I think.

BlueVeins · 22-25

@DunningKruger A property tax is a type of wealth tax, and it's specifically for controlling land which ultimately belongs to the city. And since land can't be created or destroyed (for the most part), one person's claim to property is a restriction on the freedom of everyone else, as they are prevented from using that land. It's only fair that the property owner should therefore compensate their community for respecting their land claim.

I do take issue with the fact that we tax based on improved property value vs unimproved property value though, and the fact that we have all different tax rates at 3 different levels of government in general is asinine.

beckyromero · 36-40, F

@BlueVeins

There is also the issue of whether property used for profit should be taxed at the same rate as property used for dwelling purposes.

BlueVeins · 22-25

@beckyromero Frankly, I think it should be the same rate. I think applying a lower rate to residential properties incentivizes the inefficient use of land for housing, such as McMansions and whatnot.

I kinda think the question presupposes this view of property taxes as being just another line item in the balance sheet of people and corpos, when it really should be a tool for factoring in value in the economy which was previously left out of calculations -- essentially, capturing an externality.

beckyromero · 36-40, F

@BlueVeins

Frankly, I think it should be the same rate.

I wonder what it would cost to go to Disneyland if that property was reassessed at current values? 😯

Maybe those out there who have been to the park can tell us the current prices? (I've been out there on vacation but that was over two decades ago)