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Pastimes : THE SLIGHTLY MODERATED BOXING RING
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To: TimF who wrote (14346)6/6/2002 6:47:31 PM
From: The Philosopher  Read Replies (1) of 21057
 
The property taxes are not a tax on an increase in wealth.
I would pay the same property taxes on my house whether I had bought it for 15 cents of
$45mil.

But in a way it is a tax on the increase in wealth, at least where I live, because the more valuable my property the more tax I pay, and if my property appreciates in value more than the property down the street my property taxes go up faster than theirs do.
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