Property Tax – Fair or Unfair Way to Tax Wealth?

The property tax, calculated from the current market value of real estate, has sparked debate worldwide for years. Supporters see it as a tool of social justice – those who own more should pay more, which could curb wealth concentration and speculation in the housing market. Critics argue that it unfairly burdens ordinary homeowners who spent decades paying off mortgages and would now face rising costs as property values increase. In many countries, the topic resurfaces amid housing crises and growing inequality. Is the cadastral tax a sensible way to promote social balance, or a form of punishment for owning a home?