4 ms·
Over the course of a decade go from a max of 2%/year to something like 10%/year. Maybe some extra tax breaks for those who lost equity when selling a long-term
by hnav 2y ago
Over the course of a decade go from a max of 2%/year to something like 10%/year. Maybe some extra tax breaks for those who lost equity when selling a long-term residence (doubt, probably just slow their growth)
- quesera 2y agoRight, some kind of phase-in would be necessary. The opposite damage I'm talking about is forcing people to lose their houses for inability to pay current-FMV property taxes. Mostly older/retired/fixed income people. This would apply to any phase-in schedule too.
- hooverd 2y agoYou could implement some sort of right of first refusal for any multi-family build on that land.