The fear-mongering is always about “first they’re coming for companies, then they’re coming for your home property tax!” and people believe it. With that said, I really hope they DO come for home property taxes, as right now it’s a big part of what encourages the wealthy and previous generations to stay put and never sell (or become landlords and move elsewhere) while pricing new homeowners out of the market, as now in addition to the mortgage on that seven-figure starter home they’re saddled with a few-grand-per-month tax bill.
The fear-mongering is always about “first they’re coming for companies, then they’re coming for your home property tax!” and people believe it. With that said, I really hope they DO come for home property taxes, as right now it’s a big part of what encourages the wealthy and previous generations to stay put and never sell (or become landlords and move elsewhere) while pricing new homeowners out of the market, as now in addition to the mortgage on that seven-figure starter home they’re saddled with a few-grand-per-month tax bill.
https://www.taxfairnessproject.org/ has more info.