Always fun looking up the author and seeing that they bought their house for $228K in 1992 (and pay property taxes based on that price).https://twitter.com/scott_wiener/status/902556105322016768 …
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this plus rising rates is why inventory is like half of what it was a few years ago: https://www.nytimes.com/2017/05/14/business/economy/home-ownership-turnover.html?mcubz=0&_r=0 …
allow property taxes to be paid via a small lien on the property when it is eventually sold, rather than cash now?
Downside would be cases where it's allowed to mushroom for decades and ceases to be "small" any more, though, obviously...
maybe "untaxed value" needs formal recog, its dividend of under-priced 'rent' taxed as fed income, but also made portable to new residences?
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