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> If it is property, tax it like property, at 1% of value per year.

Where is property taxed like that?

Real estate, essentially everywhere in the western world. The range I have observed in multiple countries is 0.5%-1.5%, and it isn't always called "property tax" (e.g., in the UK it breaks between "council tax", and various other taxes, none of which is specifically named "property tax"; in the neighborhoods of CA I'm familiar with, it's 1.2% in the last few years)

Car licenses in many places are also essentially a property tax of 1% of the car value, or so.

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