Saturday, October 21, 2006

Property Taxes

The Deliberate Agrarian asks about property taxes. I was thinking a little about this...

Now, granted there are exceptions made for agricultural use, but what of those who do not use their land for agriculture, but would like to keep that option open? What if the property taxes that are assessed based on the "market value" are too high for them to pay? What other choice would they have than to sell the land? What of protecting the economic freedom of the little guy?

Does this not seem a bit problematic? Small wonder that some see the property tax as being unjust.

wiki

It's one thing to assess a tax based on the projected productivity of the land (+ labor), it's another to assess a tax based on the perceived value of the land itself.

Another important topic that we didn't learn in Government class.

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