Categories ▸ Property Tax
The property tax has a number of desirable properties. State and local governments have been using it in the U.S. forever, and it’s incredibly stable (up to a point, see 2008-2009). The tax is easy to administer at the local level. It can also be thought of as a benefits tax. Local control of the rate and the base enhances fiscal autonomy. Finally, the property tax is a highly visible and transparent form of taxation.
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