Articles on property taxes

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New York has become a ‘city for the rich’ in recent decades, a shift in its real estate market that impacts policy-making, too. Alessandro Colle / Shutterstock

New York’s new rental protections won’t end the outsize influence of big developers who pay the city’s bills

New York City's municipal budget relies heavily on the property taxes of extremely high-value real estate. That drives gentrification and distorts local policy in other ways that hurt residents.
Gradually reducing stamp duty and negative gearing would minimise the impact on investors. Shutterstock

Gradual reform to capital gains, negative gearing and stamp duty will make housing more affordable

Housing affordability has declined significantly over the past few decades. Slowly reducing negative gearing and capital gains, and switching to property taxes, could reverse this trend.

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