Two of the country's largest states are toying with property tax policies that would erode local autonomy and make towns more susceptible to authoritarian-leaning lawmakers, writes @MaryEllenKlas (via @opinion) https://t.co/UGd1TP54t4 ...

RT Blake Neff (@BlakeSNeff)The American right has been trained to oppose any and all taxes, but this is a terrible idea.We must have taxes, and the distorting effects of property tax are far less than alternatives like income tax. Right now, America is crumbling apart because young people can’t afford homes while all wealth is accumulating to the old. Removing property taxes means higher taxes on working young people and higher home prices to the advantage of retirees, who are already America’s richest coho ...

An affluent school district in New Jersey is cutting staff and eyeing a property tax hike to address a nearly $20 million surprise budget hole uncovered this summer. https://t.co/unpio1COuJ ...

Switzerland voted to abolish a century-old system of taxing property, a move that will see lower dues for homeowners and potentially boost real estate prices https://t.co/bMBNv6Nskf ...

Core Viewpoint - The domestic real estate market is experiencing a significant decline in prices, with an average drop exceeding 30% across the country, affecting both second and first-tier cities. Various government policies aimed at stabilizing the market have been implemented, including the relaxation of purchase restrictions and reductions in mortgage rates and down payment ratios [1][3]. Group 1: Factors Influencing Future Housing Prices - The number of first-time homebuyers is decreasing, primarily due to an aging population and a reluctance among younger generations to take on substantial mortgage debt, leading to a preference for renting over buying [4][6]. - Residents' income levels are insufficient to support current high housing prices, as many households have lowered their income growth expectations amid economic downturns, resulting in a more rational approach to home buying [8][10]. - The housing market is in a long-term state of oversupply, with 6 billion existing homes capable of accommodating 30 billion people, and 96% of families already owning at least one home, indicating a significant surplus [10][12]. Group 2: Impending Taxation and Market Predictions - The introduction of property taxes is anticipated, with plans to expand pilot programs in cities like Shanghai and Chongqing, which will increase the holding costs for families with multiple properties, potentially leading to a surge in property sales and further downward pressure on prices [12]. - Predictions suggest that housing prices will vary by city, with areas currently experiencing significant price bubbles expected to see larger declines. It is advised that first-time buyers take advantage of current favorable policies, while those looking for investment properties should consider waiting, as prices may drop by 30% to 50% over the next five years [12].

上海房地产税政策调整：根据原政策，非上海市户籍居民家庭在沪新购住房均需全额缴纳房产税。新政策明确，持有上海市居住证并在沪工作生活的高层次人才、重点产业紧缺急需人才，以及持有居住证满3年的普通购房人，其新购的家庭首套住房可暂免征收房产税；原政策仅对沪籍家庭二套及以上住房给予人均60平方米免税面积，非沪籍家庭需全额缴税。新政策将这一优惠扩展至符合条件的非沪籍家庭。外汇交易员 (@myfxtrader):上海印发《上海市开展对部分个人住房征收房产税试点的暂行办法》：在本市新购住房，且该住房属于家庭第一套住房的，暂免征收房产税；在本市新购且属于家庭第二套及以上住房的，合并计算的家庭全部住房面积人均不超过60平方米（即免税住房面积，含60平方米）的，新购的住房暂免征收房产税； https://t.co/xdOxOm5yWK ...

A proposal to abolish a century-old property tax in Switzerland is losing support among voters ahead of a ballot in less than two weeks on overhauling housing levies https://t.co/4kAoXB8TlL ...

Budget Deficit - Chicago faces a $115 billion (1150 million) deficit [1] Proposed Solutions - Potential measures to address the deficit include furloughs, hiring freezes, and fee hikes [1] - An inflation-linked property tax increase is also being considered [1]

Policy Analysis - Replacing council tax with a single proportional property tax faces political pain and no fiscal gain [1] - This situation is unlikely to tempt a struggling politician [1]

Property Tax System Issues - Britain's property-tax system requires reform [1] - Council tax distribution is unfair [1] - Stamp duty hinders growth [1] - A flawed reform could exacerbate existing issues [1]