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25 Aug 2022, 7:33 am
They help to pay for services tied to property ownership—local road maintenance, law enforcement and emergency services, and the like—and the value of the property is a reasonable, if imperfect, proxy for the value of those services.[6] Many economists also favor property taxes over alternative forms of taxation, like income and sales taxes, because they have a relatively limited impact on economic growth and development.[7] Whereas capital is frequently mobile, and can be… [read post]