Bucky, I’m all ears if you have some magical solution that solves everything and completely reforms the tax code.
If we went with your approach of one should pay for taxes on the value they bought their house, I can see a great number of issues and potential loopholes with this approach. For example, I could “buy” my parents house for $1. Since that is what I paid for it, that’s technically the value (in your approach), and I’d essentially pay nothing in property taxes.
Unless we completely revamp the entire tax code, counties/cities/schools still need to get funded from the people who live there. I don’t have kids but have no problem paying extra taxes for school levies, paying the county to make, maintain and plow roads, etc. I really enjoy living in a city that invests in parks, playgrounds, hiking/biking trails and other amenities for our citizens. I wouldn’t have to live in a city that had no public amenities. I also understand the relationship in that the better the schools/parks/streets/cities are, the more attractive my real estate is and thus, the more it appreciates in value.
I think everyone understands your perspective and displeasures with the taxing authority, but complaining without a reasonable solution in mind isn’t getting you anywhere.
Why should what a corporate farm on the opposite end of the county or township pays for a piece of land somehow impact the “valuation” of my property? That’s not a comparison for these magical “valuations.” They are buying completely different land for a different purpose, with funds gathered in a completely different way.
thats how comps work man. have you ever bought a house and looked at the comps in the area the bank uses when assessing your loan to value? nothing is going to be an exact match to what you are comparing to. So they have to take whatever data points they have and extrapolate the best they can.