If you pay 1% for one house, someone with 2 houses should pay 2%, and a company with 2000 homes should pay 2000%
That would make it increasingly difficult for mega companies to buy up everything and torture the housing market
If you pay 1% for one house, someone with 2 houses should pay 2%, and a company with 2000 homes should pay 2000%
That would make it increasingly difficult for mega companies to buy up everything and torture the housing market
I’ve often thought that the taxes should relate to whether or not the home is occupied.
If you live in it as your primary dwelling, with more than 50% of your time there, then you should pay the normal amount.
If you have someone leasing the house to live in it, then you should pay the same property taxes as if you were living in it yourself. Maybe a bit higher.
If you’re using it as a full time Airbnb, the taxes should be much, much higher.
Unoccupied rental properties or vacation homes should be taxed at the much higher rate to encourage you to either lower the rent or sell it to someone who can live in it.
Wait why higher if you’re renting or leasing it out? Shouldn’t that be a reduction on taxes due to the home owner not using it for selfish reasons and/or being part of the problem of living in a single family house because owning a single family house is a greedy ass thing to do and makes you an awful person for taking up space that could be used for multi-dwelling apartment complexes.