2 ms·
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 ahea
by 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 agoHow? 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.