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Re:Redfin Economist says land value tax will fix the economy by strongpigeon on Monday June 20, 2022 @03:26PM (#31814571)
One way to solve the issue of people being taxed out of their property would be to give the option to put a lien on the property if they’re earning less than a certain income (or over a certain age). This way, the owner gets to stay in their home, but the city is (eventually) getting the taxes it’s owed.

I haven’t fully thought through all the incentives it brings though. However, it seems like a better solution than telling people to reverse mortgage their houses. Especially given how predatory that industry seems to be.

Re:Redfin Economist says land value tax will fix the economy by doktorhladnjak on Monday June 20, 2022 @03:31PM (#31814636)
This sort of approach exists in several states

https://dor.wa.gov/sites/default/files/2022-02/PTDeferral_Se...

Re:Redfin Economist says land value tax will fix the economy by strongpigeon on Monday June 20, 2022 @03:32PM (#31814651)
Interesting. Thanks for sharing.