Andrew Leahey on Nostr: In my column this week I discuss the general idea of injecting progressivity into the ...
In my column this week I discuss the general idea of injecting progressivity into the property tax regime.
When property values go up, income doesn’t always follow suit. This gives rise to myriad breaks from the FMV—assessment paradigm, which brings with it … problems.
Key it to income. (Property) tax the rich. Full stop.
#law #lawfedi law group (npub1r6e…7s7j) #tax
https://news.bloombergtax.com/tax-insights-and-commentary/income-adjusted-property-tax-system-would-foster-homeowner-equity
When property values go up, income doesn’t always follow suit. This gives rise to myriad breaks from the FMV—assessment paradigm, which brings with it … problems.
Key it to income. (Property) tax the rich. Full stop.
#law #lawfedi law group (npub1r6e…7s7j) #tax
https://news.bloombergtax.com/tax-insights-and-commentary/income-adjusted-property-tax-system-would-foster-homeowner-equity