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Comment on ‘My Property Tax Went From $15K to a Life-Altering $91K a Year’

Inflated home values are a huge part of the problem. That’s a large part of the point I’m making. At face value it seems fine to say “they have a $4 million home, they can afford the property taxes” but if you apply the same rate to the homes that average people have to buy you’re going to end up in a shitty spot. If taxing the rich is the goal we shouldn’t be talking about property taxes on single family homes unless it’s specifically related to second and third homes.

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grue@lemmy.world ⁨10⁩ ⁨months⁩ ago

but if you apply the same rate to the homes that average people have to buy you’re going to end up in a shitty spot

And that’s why you don’t do that and instead make progressive taxation a thing.

If taxing the rich is the goal we shouldn’t be talking about property taxes on single family homes unless it’s specifically related to second and third homes.

Nah. It is good and correct to tax extremely large single-family homes at high rates even if they’re primary residences.

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WoodScientist@sh.itjust.works ⁨10⁩ ⁨months⁩ ago
If the land your single family home is sitting on is suddenly worth four million dollars, that’s a sure sign that that plot of land should NOT be used for single family zoning. It’s doubtlessly some of the most valuable land in the city, close to job centers and lots of community resources. That kind of land should be used for multi family housing. Quit hoarding it so you can live your Leave it to Beaver fantasy in the middle of a built up urban area.

Not quoting you specifically here but the general vibe of this owner:

“But I want to live as a rancher in the middle of Manhattan. I demand we warp the tax laws to enable it.”

Get the fuck out of here, you entitled fuck.

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- jj4211@lemmy.world ⁨10⁩ ⁨months⁩ ago
  But if you built your house in a relatively undesirable place and there area gets gentrified due to no fault of your own, now you have to get out of the way because richer people decided they like your land after all?
  
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zod000@lemmy.ml ⁨10⁩ ⁨months⁩ ago
Seeing as most homes increased by about 400% in the last 10-15 years in that area, while wages increases negligibly, I feel they have a point. On the other hand, it is difficult for most people, myself included, to garner sympathy when you see someone with a 4.4 million dollar home.

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- lolcatnip@reddthat.com ⁨10⁩ ⁨months⁩ ago
  I can have sympathy for people with more money than me, but not for their financial situation, because their finances are objectively better than mine will ever be, and I’m not feeling sorry for myself.
  
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