Taxes are astronomical because prices are inflated because of buy-to-rent.
Taxes on single-family residential properties should be like 50% of land value annually for third-homes and up or homes owned by non-human entities. Make it so fucking expensive to own extra houses that they get unloaded cheap to people who will actually live in them, and at the same time reduce the taxable value of the land because it’s selling cheap.
Taxes are astronomical because prices are inflated because of buy-to-rent.
Taxes on single-family residential properties should be like 50% of land value annually for third-homes and up or homes owned by non-human entities. Make it so fucking expensive to own extra houses that they get unloaded cheap to people who will actually live in them, and at the same time reduce the taxable value of the land because it’s selling cheap.
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They are saying that it should be for third homes to discourage owning houses in bulk
A 50% tax on land value would be cheaper than my current tax rate on my home xD