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0 pointsfoogazi3y ago0 comments

If someone buys my neighbor’s house for 2X what I paid for mine, why should I pay more in taxes ?

0 comments

because property tax is based on the value of the property, and your property is worth more too?

a different way of phrasing the question: is it fair that your new neighbor pays twice as much as you to support city services, just because they bought their place more recently?

foogaziOP3y ago

> is it fair that your new neighbor pays twice as much as you to support city services, just because they bought their place more recently?

My neighbor paying 2x what I paid has no effect on the cost of city services

refurb3y ago

Because your house is now more valuable and as a general rule progressive taxes are best where those with more money pay more tax.

foogaziOP3y ago

My house going up or down in value doesn’t make me richer or poorer

I could see the point of your argument if I sell and make a profit - but before I do that my QOL within my house is not affected

refurb3y ago

Of course it means you’re richer.

Wealth = assets minus liabilities

tzs3y ago

Your house becoming more valuable doesn’t mean you have more money.

epistasis3y ago

That's like saying "just because people buying TSLA shares at 2x what I paid for them doesn't mean I have more money."

Of course not, stock shares or real estate are not money. But they are wealth.

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leetcrew3y ago

because property tax is based on the value of the property, and your property is worth more too?

a different way of phrasing the question: is it fair that your new neighbor pays twice as much as you to support city services, just because they bought their place more recently?

foogaziOP3y ago

> is it fair that your new neighbor pays twice as much as you to support city services, just because they bought their place more recently?

My neighbor paying 2x what I paid has no effect on the cost of city services

refurb3y ago

Because your house is now more valuable and as a general rule progressive taxes are best where those with more money pay more tax.

foogaziOP3y ago

My house going up or down in value doesn’t make me richer or poorer

I could see the point of your argument if I sell and make a profit - but before I do that my QOL within my house is not affected

refurb3y ago

Of course it means you’re richer.

Wealth = assets minus liabilities

tzs3y ago

Your house becoming more valuable doesn’t mean you have more money.

epistasis3y ago

That's like saying "just because people buying TSLA shares at 2x what I paid for them doesn't mean I have more money."

Of course not, stock shares or real estate are not money. But they are wealth.

1 more reply

j / k navigate · click thread line to collapse