Why northern Europe is so indebted

Re:Why northern Europe is so indebted by nonethewiser on Monday March 20, 2023 @06:57PM (#35240046)

I’m sympathetic to this observation but what’s your point? Just a tangent? There is nothing wrong with that but I’m not sure if this is supposed to clarify something.

For whatever it’s worth it looks like at least Sweden and Norway have property taxes. Didn’t check others.

China is an example of a country without them. Except you can’t own land in China. Your house is effective leased from the government. So not exactly an improvement.

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Re:Why northern Europe is so indebted by sohtym on Monday March 20, 2023 @07:03PM (#35240091)

Sweden technically has a property tax, but it is a maximum of ~900€ a year.

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Re:Why northern Europe is so indebted by robomartin on Monday March 20, 2023 @08:49PM (#35241082)

That seems like an affordable (and possibly equally-shared) way to contribute to the running costs of a society.

What happens if you don't pay this? Can they take your home away and sell it? They can do that in the US, BTW.

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Re:Why northern Europe is so indebted by vegardx on Tuesday March 21, 2023 @09:37AM (#35245887)

They can.

But I don't really see how that could happen if you didn't also have a mortgage. You would easily be able to finance this, unless your property was also pretty much worthless. And if it was practically worthless you'd either not pay any property tax at all, due to deductibles, or pay basically nothing.

In Norway property tax (where applicable, it's up to local government) is measured as a percentage of the taxable value of primary residence. Usually 0,2 per mille or around that. The taxable value is less than the property value. It's a progressive scheme, everything below 10MNOK is measured as 25% of property value (marked value-ish), and 75% for everything over 10MNOK. For secondary houses the taxable value is set to the property value.

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