Something like this yes. But the devil will be in the details.
"pay 1% of the buildings value as property tax each year"
A old rotten building might be worth just 10000€. And 100 € a year ain't that much. One would have to tax the property - and who will set up the rates in a fair way in a process that is not vulnerable to corruption?
"pay 1% of the buildings value as property tax each year"
A old rotten building might be worth just 10000€. And 100 € a year ain't that much. One would have to tax the property - and who will set up the rates in a fair way in a process that is not vulnerable to corruption?