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Are you referring to taxes on ground rent (what is typically meant by "land tax" -- a tax on the value of the land if it was an empty lot), or taxes on improvem
by larsiusprime 6y ago
Are you referring to taxes on ground rent (what is typically meant by "land tax" -- a tax on the value of the land if it was an empty lot), or taxes on improvements (what's built on the land)?
Conventional property tax is a mixture of pure land tax and a tax on improvements.
And are you talking in general, or do you have some specific insight into Vienna's particular policies?
- giantg2 6y agoIn general and total real estate property tax. I will pay at least as much property tax over the next 50 years as what I paid for my house.
- larsiusprime 6y agoThanks! I'm curious -- if it's not weird to ask, does your property tax bill happen to separate out how much is due to improvements and how much to ground rent?
- giantg2 6y agoIt doesn't specify. But looking at vacant land in the area, it looks like 5-10% is land and the other 90-95% would be the house.