Submitted by Accomplished_Day2991 t3_120h12y in jerseycity
[deleted] t1_jdlappa wrote
Reply to comment by Blecher_onthe_Hudson in US cities with the highest taxes by Accomplished_Day2991
[deleted]
Blecher_onthe_Hudson t1_jdnaqui wrote
1st, your whole theory is a fiction built upon a fiction. Almost one cares about the proportion of land to improvement in their tax. The tax is the tax. Further, the 'land proportion' is utter nonsense with zero basis in reality. Mine is $400k on a property that is identical to a vacant lot across the street with identical zoning that sold for $3m 5 years ago. Another property has it's land at $225k, while the identical lot next door is at $150k. Appraisals are voodoo at best, criminal at worst. Assessments are even worse.
2nd, you've made a whole lot of erroneous assumptions about me and my politics. I am never NIMBY, never complain about my taxes, and support urbanism at all times.
But you are correct on my Rent Control views, it is theft of private property, pure and simple. Instead of socializing the cost of housing the less fortunate like a civilized society, we have decided that rental property owners alone should bear the cost. Rent control is 2nd only to exclusive zoning in causing the housing shortage that drives up costs.
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