Reply to MoCo looking at increasing income taxes for those making above $150K

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[quote=Anonymous][quote=Anonymous][quote]The property tax on housing is a major component of local government revenues and of 
consumers’ housing costs. This study uses newly available data from the 2001 Residential 
Finance Survey to investigate the incidence of the residential property tax. Of particular interest 
is the estimation and interpretation of differences in tax rates by location, property value, 
structure type, and tenure form. 
The study finds that multifamily rental housing bears an effective tax rate at least 25 
percent higher than the rate on single-family owner-occupied housing for the nation overall. The 
level of taxation, and the apartment/house differential, varies considerably from place to place. 
Much, but not all, of the differential is associated with the lower property values per unit of 
apartments compared to houses. The gap in tax rates appears to have arisen during the 1990s, as 
tax rates of apartments and houses were nearly identical in 1991. The paper concludes that the 
residential property tax, as implemented, promotes low density development, disproportionately 
burdens lower valued properties, and may impose higher taxes on apartment residents than on 
homeowners of identical incomes.[/quote]
https://www.jchs.harvard.edu/sites/default/files/w05-2.pdf[/quote]

Hey champ. Rents can only rise if the market will bear higher rents.

https://www.frbsf.org/research-and-insights/publications/economic-letter/2026/02/housing-affordability-and-housing-demand/

Input cost models neglect the role of the overall market in setting rents. The studies you cite attribute rent increases to taxes without other evidence and without ruling out other drivers of rent increases.

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