[iav]

It doesn’t have to be the city. you can imagine an interesting system where instead of an appraisal, every property owner puts their own valuation and computes their own tax. The catch is that anyone is able to buy the property at the assessed price for cash, without any negotiations or any opportunity to match. You will see tax evasion go to zero immediately and enforcement cost will also be zero.

[SOLAR_FIELDS]

I think such a system, while good for theoretical discussion, would be ripe for all manners of abuse and problems as proposed. Perhaps in the ideal free market where everyone is equally educated on property values it might make sense. But such a reality will never exist.

[kthejoker2]

This is Henry George's land value tax, articulated well in the second greatest economics book of all time, Progress and Poverty

https://en.wikipedia.org/wiki/Georgism?wprov=sfla1

[duxup]

> The catch is that anyone is able to buy the property at the assessed price for cash, without any negotiations or any opportunity to match.

Sounds like I lost all my property rights right there…