3 ms·
The property tax rate function can easily be formulated such as a continuous power law function such that short periods of vacancy are not penalized.
by lotsofpulp 2y ago
The property tax rate function can easily be formulated such as a continuous power law function such that short periods of vacancy are not penalized.
- RhysU 2y ago"Easily" did a lot of work in your reply. What's the right period of vacancy to allow for 1, 2, 3, and 4-bedroom units as a function of floor level, direction faced, time of year, elevator or not, age of building, distance to school and transit, etc?
- lotsofpulp 2y agoWhy does all of that stuff matter to society? The unit can provide utility as long as it is fit to live in. The only question is what price people are willing to pay for it. We can even generously set it at 1 year just to start things off. If landlords are still too comfortable keeping units empty for the sole purpose of holding out for another price, then it can be revised lower.