Imagine property taxes limited to inflation?
California actually has something even more demented in practice through Proposition 13 (1978), which rolled back properties to their 1976 assessed value, capped property taxes at 1% of their assessed value and the assessed value growth at 2%. On top of that, it requires any municipal or state tax increases to be voted by a 2/3 majority. End result is that a. huge housing crisis in their major cities as everyone knows while incumbent homeowners pay close to nothing in property tax b. Municipalities literally can't keep up with service provision, so HOA growth has exploded since and voters often look to the state to provide services (basically the opposite of what Mike Harris did in Ontario) and c. Because it's hard to raise revenue at the state level despite the population being politically favorable towards government services, California is always broke.
And yet no one has seriously taken on repealing Prop 13 because the benefits are so concentrated for a powerful class of citizens, but the drawbacks are diffused throughout the population and not easily traced back to the legislation.
Be on guard in case someone suggests something similarly idiotic up here.
Edited by Casual Kev, 24 September 2018 - 05:35 PM.