• chiliedogg@lemmy.world
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    10 months ago

    Taxes are astronomical because prices are inflated because of buy-to-rent.

    Taxes on single-family residential properties should be like 50% of land value annually for third-homes and up or homes owned by non-human entities. Make it so fucking expensive to own extra houses that they get unloaded cheap to people who will actually live in them, and at the same time reduce the taxable value of the land because it’s selling cheap.

      • TORFdot0@lemmy.world
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        10 months ago

        Property tax is like 2-3% of the property value in my area, the comment you are reply to is just suggesting making it 50% of the value of the plot annually for people who are buying their third property or commercial buyers.

      • mob@sopuli.xyz
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        10 months ago

        They are saying that it should be for third homes to discourage owning houses in bulk

      • lad@programming.dev
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        10 months ago

        No, ey said that taxes should be 50% on the third house (and on, probably), not the first one