An alarm bell goes off any time someone suggests lowering PROPERTY taxes... ugh. Property taxes should be way higher in most parts of the world to disincentivized speculation.
Yeah my local town removed property tax for new development. In fact, they instituted a TIF (tax incentive fund?) which means the developer gets the property taxes free and clear for new buildings. The city is going broke, but the council is dominated by developer-sponsored shills so its hard to fix.
