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Presumably the vacancy tax would be tied to the value of the property. If the property really is worthless you won’t be paying taxes on it.
by valine 5y ago
Presumably the vacancy tax would be tied to the value of the property. If the property really is worthless you won’t be paying taxes on it.
- chrisseaton 5y ago> Presumably the vacancy tax would be tied to the value of the property. > increases every month It can't be both things at the same time. And who's setting this land value? If it's on the market and nobody's buying then we don't know the value.
- robinson7d 5y agoWhy can’t it be both? Could have a logarithmic scale, could have it increase by a fraction of a % of $(value - currentTax) so that it increases more slowly over time. Not saying I agree with the underlying idea, just confused about why “increases ever month” necessarily means it cannot be “tied to the value of the property” in a `calculateTax(propValue, timeEmpty)` sort of way.