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this post was submitted on 16 Aug 2024
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politics
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How about this: crank up the taxes on houses people don't live in. Make owning empty real estate so unprofitable that it's better to rent it out cheap than to try to screw renters.
Make it a crime to own an empty house.
Fwiw in Florida we have what's called a homestead exemption. You get a big slice of your property value axed for taxation purposes if you live in the home. You have to pay full tax on any other properties. I believe tax rate increases are capped for homes with the exemption as well, but that might be for all homes. I don't remember exactly.
How do they verify you live there?
You can have 1 homestead. So you either live there or are paying full taxes elsewhere.
It also has to be your legal registered address.
You can only list one home as your permanent residence.
It's 50k it's pretty much a joke based on property values. They could increase property tax and increase the exemption but it's not going to happen
I want to see an exponential property tax so you could have a house and something like a small cabin somewhere but anything more and then your tax multiplier is based on how many properties you own, you'd have to control for businesses trying to own property in an employee's name, this might even help with large chain businesses not becoming a monopoly but hard to say if that's a huge benefit or a monkey paw type thing