There is no perfect solution. Property taxes are the least regressive option for funding municipal services. I’m a Canadian so don’t know the nuts and bolts of how they work in your neck of the woods, but I imagine it is similar. If you want someone to send you the bill for fire response, then you’re still going to end up subsidizing those who can’t afford to pay.
Property tax isn’t ‘taxing unrealized gains’ - it’s an annual charge on the current value of property to fund local services you benefit from (as you know).
Unlike proposed capital gains taxes on unsold assets, it’s not clawing back appreciation as income.
No purely equitable alternative exists: income/sales taxes are volatile or regressive at municipal level and pure replacement-cost assessment ignores market fairness.
Assessments ensure owners pay proportionally to their property’s real-world value.
Growing towns broaden the tax base (bigger pie), letting mill rates often fall even as individual assessments rise - that’s how services get funded without always hiking rates more than inflation would suggest.
Assessments aren’t ‘fictitious’. Most places use regulated market value (what it would sell for), the fair standard for equitable taxation, not replacement cost (that’s for insurance). Property tax isn’t a tax on ‘unrealized gains’ either. Capital gains are only taxed on actual sale (with principal residence exemption). This is an annual fee for local services based on current property value.
Growing towns expand the total tax base (bigger pie), which helps cover rising costs without always hiking the mill rate. Rate increases usually signal spending outpacing that growth
Property assessments aren’t fictitious - they’re market-value based via regulated mass appraisal. Growing communities expand the total tax base (bigger pie), funding rising service costs without mill rate hikes. Mill rate increases happen when spending outpaces that base growth - or in stagnancy - which lowers property values. I’m a city councillor and deal with this every year at budget and assessment time.
So just so you’re aware, you need to average 10 hours a day, every work day to compare to what non-teachers work annually and in California your salary range is similar to other professional fields. Are you working 10 hours a day, every work day? No? Then that 1 hour is not “unpaid” - It’s the tradeoff of a teacher’s contract that gives you summers, Christmas and spring holidays off.
@DocPriyamMD There is no such thing as paracetamol. This is real life, not an episode of Casualty. However, when discussing Acetaminophen - you’d be absolutely correct.
~ Dr. Rob, PhD
@JamesMelville Because it’s hard as fuck to be consistent with diet. I’m trying to eat 2300 calories of whole food a day and it is ridiculously hard to not give into cravings in the evening.
Introduce yourself with 10 bands you’ve seen live:
Bad Religion
Strung Out
SNFU
Belvedere
AFI
Misfits
No Use For a Name
Metallica
Alice Cooper
Foo Fighters
Introduce yourself with 10 bands you've seen live:
Kim Mitchell
Stevie Wonder
U2
Perfect Circle
Sara Harmer
Tragically Hip
Kiss
Metallica
Fred Penner
Primus