14 ms·

I like this. It's like "use it or lose it".

• phkahler 3y ago
  Because living in your home isn't a good enough use?
  • asow92 3y ago
    I think it's more like: "Hey vacant property owner downtown, we'd like this vacant property to be developed into apartments, shops, cafés, business, etc. But, you have no intention of improving this land or maybe you're waiting for a grant you'll never get. You're welcome to keep this land, but we're going to tax you at a rate that we as a municipality think this land should be worth" I don't about increasing taxes on home owners, but more so disincentivizing siting on vacant property that could otherwise be used better. You're welcome to sit on that property, but you're incentivized to get it rented instead of not developing it.
    • asow92 3y ago
      This also fixes an issue that property owners in my own locale express, which is that they are nervous to improve a property in fear of its tax assessment increasing.