[zanny]

Is there anywhere in the US with a baseline property tax credit? Its not something I have looked into thoroughly but it seems so backwards that states aren't giving everyone 400 square feet worth of exemption from property tax. If the tax rates are exponential enough it would do a lot to help fix the housing crisis to pressure people into fully occupying their homes, punishing those who use them as investments, and incentivizing owning your living spaces.

[caseysoftware]

Sort of. Texas has a homestead exemption which allows you to exclude a portion of the value of your home from having property tax applied. It caps out at $25k unless you're over 65. While that works for many rural parts of the state, it's almost irrelevant for much of Austin.

Ref: https://comptroller.texas.gov/taxes/property-tax/exemptions/...

[gnopgnip]

CA does this, but only for about $70 of property taxes a year for homeowners.