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What's the alternative? Taxing income is way worse, that's actual productive activity being taxed. Sales tax (Fairtax style) is cool but voters hate it.
Any attempts to lighten the property tax load are inevitably going to be similar to prop 13. The legislature is unable to enact a law without a million carveouts. What you get is going to be way different from "we gotta keep grandma in her house".
Developing property is also productive activity.
You don't have to develop shit to own property. I've seen places for rent in my neighborhood where the landlord hasn't even vented the dryer to the outside of the house. Not even mentioning the empty lots, empty condos, and historic laundromats.
Isn't that evidence against the idea that property taxes don't reduce economic activity? Also, those properties are still developed and their owners are paying higher taxes than they would if they were not.
Why?
The house was built in the late sixties. The current owner bought it ten years ago. They're not developing a thing.
Property taxes existed in the 60s. Anyone thinking of developing the property back then would have considered future property taxes in their decision to develop the property. The fact that a given property seems underdeveloped suggests that property taxes have been suppressing development.
The landlord seeks to maximize profit. There's no reason to do anything to the property that won't pay for itself in increased rent. Thought experiment: do you think a landlord would upgrade the property if they got a fat government check? Hell no, pocket the check, that's pure profit right there.
Your property tax is proportional to the value of the property, such that if you develop it further, you increase the tax. If the government subsidized properties based on their value, landlords absolutely would upgrade them.
Venting the dryer isn't increasing your property value.
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While what you're describing is probably a cheap, incorrect (and probably both damaging and against code) way to install a dryer, there are "condensing" dryer models out there that don't require vents.
And are the default in the UK (and, as far as I am aware, most European countries), where the tumble dryer is typically being installed in an old house (either semi-detached or terraced) with no expectation that there is a conveniently placed outside wall to run a vent through. They don't work very well.
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Technically true, but the dryers installed in those units are not such dryers.
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I don't see it as likely, but a Georgist modification to the existing property tax system could be interesting: adjust the relative rates on land value and improvement value in a potentially revenue-neutral fashion.
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Texas has a big surplus and in theory can reduce the property tax burden by spending it on paying school districts(over 50% of a typical property tax bill) to reduce their taxes. In practice this probably requires coercive measures against the districts to actually work, and that's politically unpopular. Current law only allows a 10% annual increase in tax appraisals; this could easily be reduced without prop 13- and anyways, the worst part of prop 13 was that additions or sales got the entire building reappraised under current market value, under Texas homestead law that doesn't apply; the most an addition could be taxed at would be the market value of the addition plus 110% of the previous year's tax appraisal, which doesn't brutally punish expansions the same way, and sales still have a cap on appraisal increases.
Texas's revenue workhorse is the state sales tax; property taxes are entirely local and mostly levied by school districts(which spend money like drunken sailors anyways, cutting revenue to them might be unpopular, but it won't necessarily have bad effects).
Disagree, the worst thing about prop 13 is that it applies to commercial properties, rental properties, secondary properties, you name it. I know a few boomers who own California condos for decades and have them sit empty because they are simply paying pennies in taxes and it just doesn't matter. It's an enormous transfer of wealth to the landowning class.
Edit: and now that Texas is full of Californians you should expect Californian policies.
That part is simply not going to happen here; landlords are expected to pay market rate for taxes and there’s potential for idiotic homestead exemption shenanigans, but the homestead exemption is strictly limited to owner occupiers.
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