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Yes, because that's the land's actual value. This is why land-value taxes are unpopular: small landowners (e.g. Mom & Dad) want to be able to hold onto their s
by zeveb 8y ago
Yes, because that's the land's actual value.
This is why land-value taxes are unpopular: small landowners (e.g. Mom & Dad) want to be able to hold onto their small single-family homes instead of being forced to sell to a developer who would build a multi-family dwelling.
Cf. Prop 13 in California.
- tchaffee 8y agoBut why the insistence on taxing land at it's full value while ignoring what's on the land? High taxes on just the land force me to sell and to improve the property. High taxes on just the house can force me to not improve. Neither seems ideal. What would be ideal to me is a good balance that rewards improvements without punishing those who don't want improvements. Especially if the owner lives there.