its a wealth tax in disguise.

Absolutely. Anything else is something short of ownership.

You can’t mock the long-term leases in places with shitty communist founders, like China & Israel, if you have to pay rent to the government for what you “own.”

Agreed. Make taxation theft again. It’s getting ridiculous

all taxation is theft & mortgages will become a thing of the past once we are on a full Bitcoin standard.

The philosophy of the property tax is to incentivize productive use of land rather than have feudal lords do nothing at all with it for generations.