Instead of a subsidy you could just allow the write-off of the structure's depreciation. Structures, unlike land, lose value over time since they have to be ma

Instead of a subsidy you could just allow the write-off of the structure's depreciation. Structures, unlike land, lose value over time since they have to be maintained and suffer wear and tear. The bigger the structure, the bigger the tax write-off. LVTs make perfect sense and won't ever be implemented because we just started off on the wrong path. We're stuck with Prop 13.