tying it to income means in a few decades inflation just shrinks the number of people who can actually benefit
If you own one residential property and also live in it, no taxes on that. Multiple properties? That’s taxes. Unfortunately, most primary education is funded by property tax, so you’d have to change how that works (and maybe actually pay teachers while your at it). Fortunately, none of this has any chance of ever getting implemented.
Agreed. I’d vote to drop property tax for those over 65 and under a certain income limit.
tying it to income means in a few decades inflation just shrinks the number of people who can actually benefit
If you own one residential property and also live in it, no taxes on that. Multiple properties? That’s taxes. Unfortunately, most primary education is funded by property tax, so you’d have to change how that works (and maybe actually pay teachers while your at it). Fortunately, none of this has any chance of ever getting implemented.
Have the income limit adjust to the cpi every year? It’s not perfect, but it works