Vanessa Wells-Rhine Seems that objection could be addressed by...

August 31, 2025 at 2:04 PM  ·  Comment — Archer T. Ships replied to Vanessa Wells-Rhine's comment.  ·  View on Facebook  ·  Markdown source

Vanessa Wells-Rhine Seems that objection could be addressed by collecting the tax at the time of sale/transfer/death of the owner. That way, the tax is based not on a government estimate, but on the actual market price. You may also like the idea of a Harberger tax. With a Harberger tax, you, the homeowner, assign whatever value you want to the house. However, the city has the right to buy the property from you at the value you assign. Set the value too low, and the city will buy your house and resell it for a higher price.