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>Property tax is primarily a disincentive to buy lots of land you can't do anything with and sit on it... No. Property tax is primarily a means for localities

>Property tax is primarily a disincentive to buy lots of land you can't do anything with and sit on it... No. Property tax is primarily a means for localities to raise revenue. If what you were saying were true, then developed land, including primary residences, would have no associated property taxes. It'd be exempt.

ycombobreaker 13y ago
Regardless of the intent, property taxes do serve both purposes. Developed land must provide a return above and beyond the property tax rate in order to be profitable. That includes primary residences, where the return is... not easy to measure in dollars.