California Approves Statewide Rent Control

Re:California Approves Statewide Rent Control by olliej on Wednesday September 11, 2019 @08:46PM (#20946405)

Obviously, but part of that is having your property taxed at those market rates, businesses and landlords got together to pass an amendment to the CA constitution that prohibits any part of CA from increasing the assessed value of your property at more than 2%.

You can't have it both ways: saying you should have free reign in determining the value of your property, while also claiming the government can't tax you according to that value.

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Re:California Approves Statewide Rent Control by pitaj on Wednesday September 11, 2019 @09:06PM (#20946555)

I don't want it both ways.

In fact a land value tax could replace property tax in a revenue neutral fashion, and would incentivize development of property and density, rather than disincentivize those like property tax does.

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Re:California Approves Statewide Rent Control by olliej on Wednesday September 11, 2019 @09:39PM (#20946840)

How do you distinguish land value from property value - especially given that the resource and service usage is not determined mostly by the amount of land, but rather the property on that land.

If you were to tax on the basis of land value the immediate impact would be massive increases in taxes payed in rural areas as a byproduct of the necessary increase in tax rates on land.

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Re:California Approves Statewide Rent Control by rcpt on Wednesday September 11, 2019 @10:14PM (#20947116)

That's not what happens. Here's an example of when it's been tried: https://www.strongtowns.org/journal/2019/3/6/non-glamorous-g...

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