3 ms·
I have no idea what country you're in, maybe wherever you live has that (albeit most likely it's woefully insufficient). I'd just add that a property tax isn't
by hackerlight 4y ago
I have no idea what country you're in, maybe wherever you live has that (albeit most likely it's woefully insufficient).
I'd just add that a property tax isn't that, because it also taxes the building.
- nemo44x 4y agoIt’s property value + land value. Even if I make 0 improvements to my property my tax seems to go up every year. It’s because the property value has gone up even if the improvements haven’t.
- hackerlight 4y agoYeah that's a property tax, not a land tax. Far from ideal because it punishes people for improving the land that they're occupying, which is the opposite of what we want to be doing.
- nemo44x 4y agoI guess the affect really depends on where you live. Where I am land is really expensive. So even if you owned an undeveloped piece of land, your taxes would still be significant. But I see what you’re saying. In a lot of places the land and taxes are relatively cheap.