> Take, for example, a $5.4 million brownstone in Brooklyn’s Park Slope. Its annual property tax bill is around $12,000 — about 0.2 percent of the home’s overall worth. Now compare that with the $7,500 tax bill for a $780,000 home in the Bronx. The cheaper home has an effective property tax rate almost four times higher.

> Both bills are lower than in much of the suburbs, where property taxes for less valuable homes routinely top $25,000.

American property tax is crazy just in general. In many well-developed countries -- including China, the UK, Germany, Switzerland, and others -- property taxes are literally zero or strictly nominal.

At what point are you just "renting from the government"?