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It absolutely does if you're thinking of building new apartment building.
by x87678r 6y ago
It absolutely does if you're thinking of building new apartment building.
- jeffbee 6y agoThat would depend on the tax regime. In "highest and best use" jurisdictions you'd already be taxed on the potential value of the building, whether you build it or you don't.
- seanmcdirmid 6y agoThat doesn’t happen anywhere in the USA that I’m aware of. Your 3 story townhome is racked a lot less than the 33 story apartment story that could have been built on its land instead. Private capital will chase the best money making opportunities regardless. They will just avoid buying property if they don’t think they can make enough money on it. Property tax rates definitely play a role in that.