[redahs]

We should phase in a federal 400% annual land value tax on the appraised price which all land would sell for if clear of improvements over the next 80 years.

A 400% annual tax on the market value means the expect purchase price of an empty lot will approach 3 months worth of tax payments for holding it. A percentage of the gross revenues can be prebated to citizen residents at the beginning of each year to afford taxes due at the end of the year. A large deduction can be granted for land and real estate property tax payments made to state and local governments.

The additional revenues gained from the tax can be used to abolish sales and payroll taxes which fall more heavily on younger working families so it is more affordable for future generations to have a larger number of children earlier in life.

[hnuser1234]

My retirement plan includes living somewhere where I can own the land and not be raped by property taxes. Many people, my in-laws included, have to flee their high property tax states upon retirement in order to be able to afford to do so. How does this help maintain stable communities? Shouldn't people be able to retire in place?

[wmf]

They can't use a reverse mortgage to pay property tax?

[hnuser1234]

Why should people have to enter into an exploitive financial agreement with a bank to pay a tax to stay in their homes that they putatively own during their aged years? How is that just?

[wmf]

Why should people use government services without paying tax? If they don't want to pay property tax they can live somewhere with a homestead exemption.

[hnuser1234]

In what world do government services cost 400% of the land value per year? That isn't paying for services, it's paying for the right to exist, no less than being taxed to breathe.