points by beembeem 1 day ago | 0 comments
A few observations (these are all on a relative basis, as the chart shows):
- NH gets nearly 2/3 of its revenue from property taxes
- OR raises more of its revenue than CA in income tax
- TN/AZ are a close 2nd/3rd to WA in sales tax revenue
[–] PyWoody 1 day ago
- NH gets nearly 2/3 of its revenue from property taxes
No sales or income tax will get you that. I sold my house and went back to renting because my town doubled my already ludicrously high property taxes.[–] apercu 1 day ago
Won't you still be (indirectly) paying property tax, as your landlord needs to recoup?
[–] throwup238 1 day ago
Yes but you can get below market rents from owners who don’t have a mortgage to pay.
[–] HDThoreaun 1 day ago
Landlords are price takers. They respond to the market by setting rent at the highest anyone will pay them. Of course they might decide to sell, but if they dont then they cant just raise rent whenever they face a supply shock.
This is an interesting chart, but it really is showing one policy dimension - choice of tax base.