• Guest_User@lemmy.world
    3·
    11 months ago

    Taxes are 50% of the land value yearly? I will never own a home

    Edit: apologies I misunderstood their comments. Thanks everyone for clarifying!

    • TORFdot0@lemmy.worldEnglish
      4·
      11 months ago

      Property tax is like 2-3% of the property value in my area, the comment you are reply to is just suggesting making it 50% of the value of the plot annually for people who are buying their third property or commercial buyers.

    • mob@sopuli.xyz
      3·
      11 months ago

      They are saying that it should be for third homes to discourage owning houses in bulk

    • lad@programming.dev
      2·
      11 months ago

      No, ey said that taxes should be 50% on the third house (and on, probably), not the first one