All posts tagged “property taxes

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How U.S. cities make money

The below figure shows the taxing authority of US cities by state. In some cases there’s a city or two with additional taxing authority. New York City, for instance, has been authorized by the state to levy property, sales, and income taxes, whereas other cities… Read More

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Neighborhood depopulation

Recently we’ve been talking about California’s Proposition 13 and how it may be creating a disincentive for longtime homeowners to move. They’re enjoying below market property taxes, and so they stay put, even if they may have too much house. But this concept of “overhousing” isn’t… Read More

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“I hate golf”

I am a big fan of Malcolm Gladwell, and not just because he’s Canadian and went to the University of Toronto (my alma mater), although those facts certainly don’t hurt. I’m late to his podcast, Revisionist History, so in case some of you are as… Read More