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US property taxes are effectively rents.
by naveen99 4y ago
US property taxes are effectively rents.
- iso1631 4y agoMy understanding is US property taxes are higher if you build property on them. a vacant 1000 square foot lot will attract less tax than the neighbouring 1000 square foot plot with a house on. Is that not right?
- naveen99 4y agoLand and improvement are taxed at the same rate, based on appraisal. There are certain exemptions for farmland, homestead etc.
- iso1631 4y agoSo improvements which shouldn't be taxed are taxed. The land owner of an empty acre pays far less tax than the land owner of an acre with 40 people living there. That's wrong.
- sokoloff 4y agoThe 40 people living on that acre demand more local government services (schools, libraries, fire/police protection, etc.) which are paid for with property taxes (in general) than the empty acre does.