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A comment on The anti-abundance critique on housing is wrong. Parent comment

Re:The anti-abundance critique on housing is wrong by TJSomething on Thursday July 31, 2025 @11:04PM (#44752637)
In Nevada, it's a percentage (approximately 0.5%, varying from city to city and with other conditions, like commercial usage) of its assessed value, which is 35% of taxable value. Taxable value is the market value of the bare land plus the replacement cost for all improvements on the land, less depreciation.
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Re:The anti-abundance critique on housing is wrong by __turbobrew__ on Thursday July 31, 2025 @11:21PM (#44752714)
Ok, but if real estate prices half the city can just double the tax from 0.5% to 1%? Correct?
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Re:The anti-abundance critique on housing is wrong by tomrod on Thursday July 31, 2025 @11:51PM (#44752854)
Yes, but every elected official will lose their job at that millage rate increase and you'll have riots.
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Re:The anti-abundance critique on housing is wrong by __turbobrew__ on Friday August 01, 2025 @04:14AM (#44754196)
Why? If the real estate prices half and the municipality doubles the tax rate, everyone pays the same amount of tax in dollars per year?
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Re:The anti-abundance critique on housing is wrong by tomrod on Friday August 01, 2025 @07:08AM (#44755266)
Because people don't enjoy paying taxes if they perceived they should go down.
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Re:The anti-abundance critique on housing is wrong by __turbobrew__ on Saturday August 02, 2025 @12:31PM (#44768950)
The cost of running a city is largely independent of house prices, so if the real estate market crashes there is no getting around that municipalities need to increase tax rates to meet their cashflow needs. People may not like that they feel they are getting ripped off, but the existing infrastructure has relatively fixed ongoing costs to maintain.
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Re:The anti-abundance critique on housing is wrong by tomrod on Saturday August 02, 2025 @03:52PM (#44770809)
Oh absolutely, but that ignores the political cost of doubling tax rates.

Better to not get into that mess to begin with. Strongtowns is a great resource for cities looking to be prudent financially.

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