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Property taxes should be proportional to the number of homes you own (lemmy.world)
submitted 18 hours 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 4 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 4 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 4 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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