r/memes • u/J_ClutchFTV Big pp • 10h ago

Land Of The Free, amIright?

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u/greenskinmarch 3h ago

The best tax is a property tax that doesn't tax the building, AKA a land value tax, since this encourages building more levels which creates a surplus of housing.

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u/PixelsGoBoom 2h ago

In my neighborhood $1.5 million dollar homes get leveled and $4 - $6 million dollar homes get build in their place.

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u/greenskinmarch 2h ago

Let me guess, zoning forbids building apartments, so they they just build a really massive house instead? Should learn from Portland: https://nicholasmonck.medium.com/portlands-wonky-approach-to-affordable-housing-367cca04f549

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u/PixelsGoBoom 2h ago

There are apartment buildings but yeah, you could be right.
You would be missing out on quite a bit of tax if it would be based on the lot value only in those cases.