4 ms·
How about a land value tax with an exemption for primary residence?
by saulpw 5y ago
How about a land value tax with an exemption for primary residence?
- lifty 5y agoThis sounds like a reasonable trade off which doesn’t hVe the risk of uprooting people from their primary residence.
- R0b0t1 5y agoI like it too, but it seems to incentivize sprawl. If people attempt to lease land the LVT will be passed to their tenants. To avoid paying the LVT, tenants will look for new construction.
- lotsofpulp 5y agoHigher fossil fuel taxes would counter the sprawl incentive.
- nextaccountic 5y agoIsn't this a good thing? The more constructions, the more housing.
- acomjean 5y agoWe have straight property tax in Cambridge(ma United States). If you live if your unit they’ll reduce the value that is taxed (by about 400000$ Or about $2500) I’m not sure it’s helped, but it might be worse without it. https://www.cambridgema.gov/departments/finance/propertytaxinformation https://www.cambridgema.gov/departments/finance/propertytaxi...
- imtringued 5y agoIt would certainly be better than nothing. You can then add some sort of capital gains on primary residences so taxes will be paid on sale not during use.