Every time I hear this statistic it drives me insane.
I really wish there was an exponential property tax based on the number of properties that someone or some entity owns. I don’t think it would actually be feasible to implement, but I wish something like it existed.
Owning one property? Reasonable/cheap property tax. Own two properties? Pretty expensive property taxes. Own three properties? Eye watering property taxes. Own more than three? Truly insane property taxes.
I really wish there was an exponential property tax based on the number of properties that someone or some entity owns. I don’t think it would actually be feasible to implement, but I wish something like it existed.
Owning one property? Reasonable/cheap property tax. Own two properties? Pretty expensive property taxes. Own three properties? Eye watering property taxes. Own more than three? Truly insane property taxes.
Especially for vacant properties