Hacker News new | ask | show | jobs
by josephcsible 1442 days ago
How so? Don't rich people usually own more property than poor people?
1 comments

How much is $1500 for a millionaire?
But property tax isn't a flat $1500. The more valuable the property you own, the higher the tax is, and richer people tend to own more valuable property.
uhhh, hate to break it to you bub but a $1M home in the bay area which does not buy you much is going to cost close to $15k a year in property taxes (source: owner of said property in the bay area)
precisely. $1500 is a year's worth of food for someone at the poverty line. For a bajillonaire, it's a rounding error.