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Property taxes should be proportional to the number of homes you own (lemmy.world)
submitted 1 day ago by to c/showerthoughts@lemmy.world
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If you pay 1% for one house, someone with 2 houses should pay 2%, and a company with 2000 homes should pay 2000%

That would make it increasingly difficult for mega companies to buy up everything and torture the housing market

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[–] 1 point 10 hours ago (1 child)

I own two and I pay a percentage based off the property value.

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  • [–] 1 point 10 hours ago* (2 children)

    You should be paying double the rate for both of them, since you have twice as many as you need

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  • [–] 1 point 10 hours ago (2 children)

    I think it's controversial but I feel like retired people should be allowed to have their cabins.

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  • [–] 4 points 10 hours ago (1 child)

    No qualms here, have as many as they want. Just pay higher tax.

    When you're in a housing shortage, you need to curtail slumlords and AirB&B activity or at the very least take the taxes from those markets to help build more affordable housing.

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  • [–] -2 points 9 hours ago (3 children)

    there isn't a housing (significant) shortage though, it's people wanting to live in overcrowded hellholes instead of the middle of nowhere.

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  • [–] 1 point 8 hours ago (1 child)

    Can you guess why some want to live near there work and their kids' school rather than in the middle of nowhere?

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  • [–] 0 points 10 hours ago (1 child)

    This is obviously a taunt but... Why?

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  • [–] 4 points 10 hours ago (1 child)

    Because you came out swinging with "I own two houses" Mr. Moneybags, lmao

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  • [–] 1 point 10 hours ago* (1 child)

    One of which had been laying vacant for 30 years and the other for nearly 50.

    It's not like I had money gathering dust on the mantelpiece and bought mansions. I went out to buy what I nobody else would. Because it was too old, too shaby, too much of assle to fix.

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  • [–] 0 points 10 hours ago (1 child)

    If you're buying up derelict properties, renovating them, and then selling them, you should get an exemption from property taxes entirely. Many communities already offer such exemptions, and even if they don't, you're getting a de facto exemption as it is because the houses aren't worth shit until you fix them up.

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  • [–] 1 point 9 hours ago

    I'm buying to live there and house my family and I get no exemption because the moment I declare the renovation it triggers a revaluation by the tax and income state department. And I should not get it. It is a property and it has intrinsic value. Deductions should apply if by some reason a person can't pay the taxes - unemployment, sickness, low income - but never an exemption. Even less if we're talking in flipping houses, where renovations can push up the value to ludicrous levels. Never. Ever. It's unfair.

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