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Thread: Making taxes sexy: alternative property tax systems

  1. #1
    Cyburbian donk's avatar
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    Making taxes sexy: alternative property tax systems

    http://www.nowtoronto.com/issues/200...ews_story8.php

    This is a link to an interesting article and theory I've heard about property taxes before. Wondering if others have an opinion on taxes based on perceived and future value of a piece of land, sustainability and the types of development an alternative property tax system would lead to?

    If you work in a system other than "market value assessment" please share your experiences.
    Too lazy to beat myself up for being to lazy to beat myself up for being too lazy to... well you get the point....

  2. #2
    Member Wulf9's avatar
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    Quote Originally posted by donk
    If you work in a system other than "market value assessment" please share your experiences.
    Everyone in California works in a system other than market value assessment. It artificially rewards people who have owned property for a long time and artificially punishes those who bought recently.

    We have downtowns where property sits vacant and unimproved because there is no tax costs to owning the property based on that artificialy market assessment.

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    Cyburbian DetroitPlanner's avatar
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    Quote Originally posted by Wulf9
    Everyone in California works in a system other than market value assessment. It artificially rewards people who have owned property for a long time and artificially punishes those who bought recently.

    We have downtowns where property sits vacant and unimproved because there is no tax costs to owning the property based on that artificialy market assessment.
    hmmm Sounds like Michigan''s system.

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