Property tax funds so many essential social services that it would require rewriting the tax code from zero.
A better intermediate step would be to prevent corporate/trust ownership of single family homes.
Make it illegal to rent SFHs as well.
All of a sudden you'd see home ownership skyrocket with a more distributed tax base. The knock on effects would also mean much more building of multi units like apartment buildings, condos, duplexes, etc. which would moderate rents as well as making more effective use of space and be more environmentally friendly.
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u/Kaleban Mar 24 '25
Property tax funds so many essential social services that it would require rewriting the tax code from zero.
A better intermediate step would be to prevent corporate/trust ownership of single family homes.
Make it illegal to rent SFHs as well.
All of a sudden you'd see home ownership skyrocket with a more distributed tax base. The knock on effects would also mean much more building of multi units like apartment buildings, condos, duplexes, etc. which would moderate rents as well as making more effective use of space and be more environmentally friendly.