Re:Detroit wants to be the first big American city to tax la...
by arrosenberg on Tuesday October 17, 2023 @12:01AM
(#37910458)
> I’m only buying the right to rent it from the government in perpetuity.
You are paying maintenance in exchange for the right to exploit that land. Streets, power, water, sewage, fire, police, schools and libraries both cost money and increase the value of your land, so it makes sense to link the tax base to the value of the land since they should be strongly correlated.
You are paying maintenance in exchange for the right to exploit that land. Streets, power, water, sewage, fire, police, schools and libraries both cost money and increase the value of your land, so it makes sense to link the tax base to the value of the land since they should be strongly correlated.