Comment Re: taxing unrealized gains is problematic (Score 1) 289
I don't even really consider property taxes to be constitutional in general.
Good for you. But you're still missing the benefits tied to where that property is located. Most property taxes are used to pay for services provided by the municipality you're in. In most places your property taxes are used for public schools, fire protection, and city/county services.
The property tax system was based somewhat on the Land Ordinance of 1785, and updated by the Homestead Act of 1862, where section 16 of each township was set aside for the maintenance of schools. Landowners were always expected to support the services provided in their area.
Land Ordinance of 1785
In many places in Europe, the property tax was based on the width of the sidewalk at the front of the building, which is why so many buildings in Europe and skinny, deep, and tall. Minimal front profile. Requiring many people to pay a small amount to benefit the majority has been a function of communities for centuries.