• Guest_User@lemmy.world
    link
    fedilink
    arrow-up
    3
    ·
    edit-2
    1 year 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.world
      link
      fedilink
      English
      arrow-up
      4
      ·
      1 year 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
      link
      fedilink
      arrow-up
      3
      ·
      1 year ago

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

    • lad@programming.dev
      link
      fedilink
      arrow-up
      2
      ·
      1 year ago

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