Where do you live? Here in Canada properties are taxed according to their value on an assessment scale. The city does not care if you make money or not, you pay

Where do you live? Here in Canada properties are taxed according to their value on an assessment scale. The city does not care if you make money or not, you pay your taxes. If you also operate a business you are also assessed business taxes which you must pay regerdless of your profits. There are also income taxes on people and corporations and all costs of the business (wages, business taxes, realty taxes raw materials etc) are taken away (called deductions) on the balance the income tax or corporation tax is levied. Usually on a sliding scale, with individuals having a protected basic exemption and then a sliding scale up to around 50% for individuals of great income. A similar scale is applies to corporations but usually peaks at a lower rate. My suggestion to apply a business tax to the rental of each suite IN ADDITION to the real estate taxes is to make corporations have a greater burden than a person living and owning it to create a disadvantage to the corporation to offset the rent seeking aspect whereby corprations can borrow large sums, pay the spread and have the tenants pay for their equity gains. This has driven property values for a 2 bedroom home to $1 -2 million and in essence makes ownership impossible.