An image shared on Facebook claims Democratic presidential nominee Joe Biden proposed a nationwide 2 percent property tax increase.
There is no evidence that Biden proposed a nationwide property tax increase. Local and state governments collect property taxes, not the federal government.
Social media platforms are replete with claims about Biden’s tax proposals. This particular post claims Biden has proposed instituting a nationwide 2 percent property tax increase, with the user saying, “Now let me ask you, how many of you have extra income every month to pay this?”
There is, however, no evidence Biden has proposed such a nationwide property tax increase. Under current law, state and local governments collect property taxes, while the federal government collects a capital gains tax on certain real estate sales, according to SFGate. (RELATED: Has Joe Biden Proposed An Annual 3% Federal Tax On Homes?)
Analyses of Biden’s tax plan from organizations such as the Urban-Brookings Tax Policy Center, the Tax Foundation, the Penn Wharton Budget Model, the American Enterprise Institute and the Committee for a Responsible Federal Budget do not mention Biden proposing a federal property tax. Biden’s campaign website also does not mention