3 ms·
It is poorly worded but I think effectively it's true. If I understand correctly a 10000 sq ft lot would be taxed the same regardless if it was a 1 story house
by runamok 10y ago
It is poorly worded but I think effectively it's true. If I understand correctly a 10000 sq ft lot would be taxed the same regardless if it was a 1 story house or a 6 story condo... So effectively it's a discount compared to the way normal property tax is levied that values the cost of the structure on the land...
https://en.m.wikipedia.org/wiki/Land_value_tax https://en.m.wikipedia.org/wiki/Land_value_tax
- tmnvix 10y agoWell, yes. Though this interpretation only makes sense if "urban buildings" doesn't mean "buildings in an urban area" as most would expect, but instead "high occupancy buildings". It is either wrong or very poorly worded.