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0 pointsanthonypasq3d ago0 comments

land value taxes would fix this. is too cheap to sit on derelict property

0 comments

I don't think it's that simple. If the property is abandonded there's nobody to collect any taxes from.

On which case it’s owned by the state and the state can do whatever it wants. Like rent it out for $10 a year to the local knitting club.

dh20222d ago

How would the state become the owner of the property if there are no taxes of the property? The owner would probably be the bank or someone that bought the property in foreclosure. But not the state.

hdgvhicv2d ago

Then you collect the tax from the bank.

Can’t avoid a land value tax as the land is forfeit if the tax isn’t paid. Doesn’t matter who owns it.

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