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by sahila
1209 days ago
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That in my opinion would be a horrible idea for property taxes which are an important part of local and state taxes. According to this source[0] property taxes make up more than 30% of a state’s revenue, so having reliable constant revenue streams would be gone if it happened on sale. I think there’s other issues too like how property taxes accumulate and can surpass the value of the home in which case you do what? 0: https://taxfoundation.org/state-property-taxes-reliance-2021... |
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