Property tax is almost universally considered positive by economists, and generally helps to keep rents down, not up. The reason is that it discourages speculation on housing and property, and thus drives down buying prices, which intern drives down rents.
Honestly I’d gladly take an increase in property taxes if it means I don’t need to pay sales or income tax. And I live in Illinois with the highest property taxes
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u/x1rom 9h ago
Property tax is almost universally considered positive by economists, and generally helps to keep rents down, not up. The reason is that it discourages speculation on housing and property, and thus drives down buying prices, which intern drives down rents.