[meme] How would you rather see this land developed? - eviltoast
  • AA5B@lemmy.world
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    1 year ago

    I feel like best plan here would be to impose steeper taxes on second-plus properties

    I think we have that where I live, although after 20+ years of owning I still don’t really understand property taxes here.

    Anyhow, the property tax has a basic definition but I believe you get a reduction in assessed value for primary residence. That effectively taxes second homes more