Report of the Tax Commission of Baltimore Appointed Under Ordinance No 61 of Ma
Report of the Tax Commission of Baltimore Appointed Under Ordinance No 61 of Ma
Baltimore Tax Commission
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It may be mentioned, however, that a tax on real estate, whenever tolerably regular in amount, approaches the nature of a fixed charge on land. It represents an inter- est in the property which has been retained by the people ; for in no time and in no place have the people 'I do not mean to assert that the result is always so satisfactory, as in this case, but on the whole there appears to be a tolerably close approximation to real income. entirely yielded their original rights in the soil. Th...e man who purchases real estate receives his property at a lower figure on that account. A house and lot in Balti- more would doubtless cost more if exempt from taxes. When, therefore, a large real estate owner groans about taxes of $1, 000 a year, more or less, it should be remem- bered that it is not improbable that considered, from a certain standpoint, he pays no taxes at all; as he may have bought his property for $20, 000 less on account of these very taxes. He pays his $1, 000 to the city or State just as his tenants pay him their rent.
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