Originally Posted by
rickair7777
The problem with that (and the reason for prop 13) was that working class and/or retired people bought a modest house decades ago for a modest price. Insane real estate appreciation sends their paper value through the roof, and their tax follows along with it... there were older people who had paid off their homes who were literally forced out because their annul tax bill was 5-10 times what their original mortgage payment was.
Which is why property tax is harmful and should be done away with it. Essentially it is feudalism where we are all serfs to the government. The government should be run on (optional) user fees, and if it must tax, then a minimal sales tax is the least destructive.