>> The alternative is that we basically force people out of houses they've bought by gouging them with taxes. That seems much more unfair than the alternative.
This... isn't true at all. The alternative is that people pay accrued property taxes plus a small amount of interest on the sale of the property. Many states do this and it works great. Sorry that when you sell your 2m dollar home you're only netting 1.6m instead of 2m because you werent able to pay property taxes for 35 years....
This... isn't true at all. The alternative is that people pay accrued property taxes plus a small amount of interest on the sale of the property. Many states do this and it works great. Sorry that when you sell your 2m dollar home you're only netting 1.6m instead of 2m because you werent able to pay property taxes for 35 years....