2 hours ago · Politics · hide · 0 comments

Many of us are inconsistent in our economic desires. I would like the price of my home to rise, because it increases my wealth, but I would also like the prices of all other homes to fall, so that I could sell my house and buy an even nicer house. Also, I would like to have the value of my house rise, but also pay lower property taxes. David Schleicher digs into the second issue in “The Great American Property Tax Freak Out” (posted online at SSRN on September 1, 2026). He writes: In the last three years, a number of states have substantially reformed their property tax systems, providing huge tax benefits to owner-occupied homes and shifting the burden of paying for services like schools and police to commercial property owners (including rental apartment buildings), to other local taxes, and to state funding, which itself largely comes from sources like sales taxes and income taxes. A few, including Florida, Ohio, North Dakota, and Texas, have considered going further, either…

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