I had a prof. in college explain that Keynesian (sp?) economists love property taxes, because they can use it to control what you do with your property.
A property tax puts the owner in a “use it or lose it” situation. Property taxes are raised to the point on property that the owner must use it (develop the property, rent it, do something to derive immediate income from it to cover the taxes) or lose it (sell it or have the gov. take it away).
A property tax puts the owner in a “use it or lose it” situation. Property taxes are raised to the point on property that the owner must use it (develop the property, rent it, do something to derive immediate income from it to cover the taxes) or lose it (sell it or have the gov. take it away).
That’s true, I used to own property for the enjoyment of it. Too bad people today can’t do that. I had 80 acres loaded with trees, a creek, stock tanks, fish and game. A place I could take my family and myself for an enjoyable time. I sold it because of taxes.