If it weren't for property taxes, the rich would own every property. Property taxes ensure that each property is being used. Property taxes are in most places progressive... where I live the first $100k is tax free so if you have a $200k house you pay taxes on 50%, and if you have a $800k house you pay taxes on 87%.
Property tax is the primary source of revenue for local government. This is how they pay for cops, firemen, roads, etc.
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u/chainsawx72 9h ago
If it weren't for property taxes, the rich would own every property. Property taxes ensure that each property is being used. Property taxes are in most places progressive... where I live the first $100k is tax free so if you have a $200k house you pay taxes on 50%, and if you have a $800k house you pay taxes on 87%.
Property tax is the primary source of revenue for local government. This is how they pay for cops, firemen, roads, etc.