2 ms·

The renter actually pays the property tax, it's included in the rent that is charged. There are very few landlords who rent out their property for less than the

The renter actually pays the property tax, it's included in the rent that is charged. There are very few landlords who rent out their property for less than the cost of property tax. Further many residential properties are owned by LLCs and other corporations that allow them to lock in low taxes by never selling the actual property, but merely the holding company of the property.

rsync 9y ago
"Further many residential properties are owned by LLCs and other corporations that allow them to lock in low taxes by never selling the actual property ..." I think you are talking about prop 13 and the ability of corporate entities to benefit from the provisions of prop 13 which I agree, is completely insane. But prop 13 is limited to California and I know of no other states that have anything comparable.