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And tax breaks for primary homes so to not affect families owning a single home.

larsiusprime 2y ago
Actually, if you model LVT as a revenue-neutral tax shift (a universal exemption on buildings), most residential single family home owners already come out ahead on net versus existing property taxes in high property tax states like Texas.
- dragonwriter 2y ago
  How? Single-family homes are way below the most valuable use of land (unless la nd use is artificially limited to prohibit more valuable uses, as by zoning), and so should see taxes increase a lot in a revenue-neutral shift from traditional property taxes to LVT. That's one of the commonly-cited selling points by LVT advocates.
poslathian 2y ago
One problem with owner occupied tax breaks is that it incentivizes cities to find their revenue elsewhere, namely building office/commercial and apartments.
- Droobfest 2y ago
  If it’s a federal or state tax break it shouldn’t affect cities’ revenue too much?
- fstarship 2y ago
  Whats wrong with building apartments it houses lots more people and easier to get a starter apartment then a starter home
crote 2y ago
In large parts of the United States it should affect single-family homes. A lot of cities constructed their suburbs with one-term fees and subsidies, but are charging extremely low taxes on the houses once constructed. In fact, the taxes are so low that they don't pay for the upkeep of the infrastructure required to service those houses. They are losing money on every house and are trying to make up for it in volume! The sole reason they have been able to continue is because the dense urban core is subsidizing the suburbs. But it'll inevitably end up with decrepit and neglected infrastructure, and cities going bankrupt. The only way to solve this is to increase the revenue per land area, which means a higher land tax, which in turn means a bigger tax increase per-person for single-family homes than for multi-family dwellings. If you want to know more, the following NotJustBikes videos are a good introduction of the subject: https://www.youtube.com/watch?v=7IsMeKl-Sv0 https://www.youtube.com/watch?v=7IsMeKl-Sv0 https://www.youtube.com/watch?v=XfQUOHlAocY https://www.youtube.com/watch?v=XfQUOHlAocY
- deleted 2y ago
  [deleted]

Actually, if you model LVT as a revenue-neutral tax shift (a universal exemption on buildings), most residential single family home owners already come out ahead on net versus existing property taxes in high property tax states like Texas.

dragonwriter 2y ago
How? Single-family homes are way below the most valuable use of land (unless la nd use is artificially limited to prohibit more valuable uses, as by zoning), and so should see taxes increase a lot in a revenue-neutral shift from traditional property taxes to LVT. That's one of the commonly-cited selling points by LVT advocates.

poslathian 2y ago

One problem with owner occupied tax breaks is that it incentivizes cities to find their revenue elsewhere, namely building office/commercial and apartments.

Droobfest 2y ago
If it’s a federal or state tax break it shouldn’t affect cities’ revenue too much?
fstarship 2y ago
Whats wrong with building apartments it houses lots more people and easier to get a starter apartment then a starter home

crote 2y ago

In large parts of the United States it should affect single-family homes. A lot of cities constructed their suburbs with one-term fees and subsidies, but are charging extremely low taxes on the houses once constructed. In fact, the taxes are so low that they don't pay for the upkeep of the infrastructure required to service those houses. They are losing money on every house and are trying to make up for it in volume! The sole reason they have been able to continue is because the dense urban core is subsidizing the suburbs. But it'll inevitably end up with decrepit and neglected infrastructure, and cities going bankrupt. The only way to solve this is to increase the revenue per land area, which means a higher land tax, which in turn means a bigger tax increase per-person for single-family homes than for multi-family dwellings. If you want to know more, the following NotJustBikes videos are a good introduction of the subject: https://www.youtube.com/watch?v=7IsMeKl-Sv0 https://www.youtube.com/watch?v=7IsMeKl-Sv0 https://www.youtube.com/watch?v=XfQUOHlAocY https://www.youtube.com/watch?v=XfQUOHlAocY

deleted 2y ago
[deleted]