It is. In my city at least. And at the federal level for landlords as well.
My local taxes depend on my land value + my house value.
Larger land, (or more desirable) more taxes.
In federal taxes, for a rental unit, you get a depreciation expense only on the value of the structure. Not on the land. So more valuable land vs. structure, less federal discount.
My local taxes depend on my land value + my house value.
Larger land, (or more desirable) more taxes.
In federal taxes, for a rental unit, you get a depreciation expense only on the value of the structure. Not on the land. So more valuable land vs. structure, less federal discount.