> For example, city folks are more likely to vote for increases in property taxes - not that they care too much since they only have a tiny apartment - but it hits the people outside of the city with lots of land (for farming) really hard.
Firstly, property taxes are levied at the town(ship) levels in New York State. Secondly, property taxes are levied on the assessed property value of the property in question, which will be $1-5000/acre for agricultural land, so an $800,000 Manhattan studio will have the same assessed value of up to 800 acres of farmland. Thirdly, property taxes on farm land are fully deductible business expenses, while property taxes on your primary residence is not.
Finally, it doesn't come through in text, but allow me to spend the next seven minutes laughing on the floor at the notion that city dwellers are blase about their property taxes going up.
Firstly, property taxes are levied at the town(ship) levels in New York State. Secondly, property taxes are levied on the assessed property value of the property in question, which will be $1-5000/acre for agricultural land, so an $800,000 Manhattan studio will have the same assessed value of up to 800 acres of farmland. Thirdly, property taxes on farm land are fully deductible business expenses, while property taxes on your primary residence is not.
Finally, it doesn't come through in text, but allow me to spend the next seven minutes laughing on the floor at the notion that city dwellers are blase about their property taxes going up.