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0 pointsharpersealtako4y ago0 comments

That's one of the big appeals of LVT: in theory it works incrementally. You try e.g. a 5% LVT and you should notice 5% of the effects.

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3 comments · 1 top-level

forum_ghost4y ago· 2 in thread

so shouldn't we have already noticed some of this?

Property tax isn't THAT different, and one component of it is a tax on land.

Are we seeing the LVT effects in locales with high property taxes?

larsiusprime4y ago

Yes. One of the big reasons that housing is (currently) more affordable in Texas compared to California is that Texas has relatively high property taxes and California has much lower property taxes, especially for Proposition 13 homes.

That may not last long if the Texas GOP continues to emulate California housing policies by seeking to repeal property taxes; if they do that they will soon start to also imitate the California-style housing crisis.

burlesona4y ago

Hey Lars, came here to post nearly the same thing. Kudos :)

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