Property values in California are expected to continue declining due to new legislation and increased taxes that are unfavorable to property owners. This trend is in contrast to the Southern States, where property values are likely to rise as Californians move to states like Texas, Arizona, North Carolina, and Florida. Meanwhile, as the transition to electric vehicles (EVs) endangers the revenue from traditional fuel taxes, states face the challenge of finding new ways to tax driving. Last year, the top-5 European economies generated over €150 billion from fuel levies. A pay-as-you-drive system is being considered as an alternative method for road usage taxation.
COLUMN: How will we tax driving if we get rid of gasoline-guzzling cars and replace them with EVs? "Last year, the top-5 European economies earned more than €150 billion from fuel levies." The solution: pay-as-you-drive roads. @Opinion #OOTT #EVs https://t.co/jYeZlsHAxI
How Will We Tax Driving If We Get Rid of Gas-Guzzling Cars? https://t.co/dSEQpVMBd4 via @opinion
You'll Have to Pay to Use the Highway. Blame EVs. If governments succeed with their green plans, the fuel tax revenue they rely on will disappear. It’s time to devise an alternative system. #oott https://t.co/eBZgcnlnpV
How Will We Tax Driving If We Get Rid of Gas-Guzzling Cars? https://t.co/66LSniMLiq
Great post by @DisruptiveHoriz. Many states have put themselves in a bad place. They will eventually have to charge more taxes and offer less in terms of service. People will get annoyed and the highly productive will leave for greener pastures. https://t.co/A9gnVqHOz8
Property values in California should continue to spiral down as more and more laws are passed, aimed against the property owner and taxes are raised . Property values in Southern States should continue to rise as more Californians flee to Texas, Arizona, NC and FL.