Tax proxies: roughly right instead of precisely wrong
[Another entry in our occasional series on local property taxation: previous posts 1, 2, 3.]
Since at least the 1086 Domesday Book and its Roman predecessors, local property taxation has been reverse-engineered, based on how much revenue the sovereign (king, emperor, duke, or city council) has needed to raise. Meanwhile, every sovereign’s instinctive political calculator has [...]
