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I wonder if property tax could be stratified so people who actually live in their property pay less than outside investors? If something doesn't change, we may
by brundolf 6y ago
I wonder if property tax could be stratified so people who actually live in their property pay less than outside investors? If something doesn't change, we may be careening towards a dark deepening of economic inequality.
- timw4mail 6y agoIt exists, it's called the Homestead exemption.
- AnimalMuppet 6y agoI looked that up. It seems to apply to shielding part of the equity in your house during bankruptcy, which seems to be unrelated to brundolf's comment about property taxes. Are there states that have different tax rates for lived-in and rented property? If so, can you supply some specifics?