[nemo44x]

I think the issue with property tax policy in California is that it is nativist. You essentially lock-in a price and if you don’t move, over time you’ll be paying peanuts compared to people buying a home for the first time. This starved communities of revenues so they keep jacking income tax on workers while people sit in or rent their homes that have appreciated to millions of dollars and pay almost nothing to the community. You can also pass the property down to kids who will continue to pay very little tax on it and be able to rent it for profit.

I have my own issues with property tax in that it penalizes improving a property (should be primarily based only on land value, not what is built on it for redudebtial) However it’s a tax that should be better at ensuring funds stay more local than a state tax. This means the schools and public resources can be funded by the community as they see fit. It’s a local tax abd I think local policies and power are best left to localities. It’s easier and more practical for citizens to participate in local government and it effects us most. Much better than sending all the tax revenue to a centralized government that shreds it apart like hyenas.

States like Texas get it right imo. No income tax and higher property taxes which the localities set mainly. With a portion going to the state to run and to distribute to communities that need a bit of help.