News for hackers. Stuff that matters.

A comment on The next shock for homeowners: Surging property tax assessments. Parent comment

Re:The next shock for homeowners: Surging property tax asses... by isitmadeofglass on Sunday May 22, 2022 @12:53PM (#31470222)
Shareholders and gold hoarders pay too. Unless they don’t live in The country, or if they rent in which case they pay indirectly through what they pay to their landlord.
[ Parent | on HN ]
Re:The next shock for homeowners: Surging property tax asses... by chii on Sunday May 22, 2022 @10:26PM (#31474806)
> if they rent in which case they pay indirectly through what they pay to their landlord.

a land tax is not recoup-able via higher rent. If the rent could be raised, the landlord has no reason not to raise it, so it makes sense that the rent is the maximum the market bears.

> Shareholders and gold hoarders pay too

they don't pay a % tax of the value of their holdings as tax annually. They pay only after they sell, and make a capital gains.

[ Parent | on HN ]