I like that this idea also punishes single family home owners for hoarding land. You could build a ton of apartments on a single American-sized sfh lot.
That assumes that all land is taxed at a similar value. However my property at 1/5 of an acre in town is worth more than a standard suburban acreage.
I think this continues to discourage living in higher density downtowns where there is walkability and transit, while enocuraging sprawl because large single family suburban lots are cheaper so have lower tax
I like that this idea also punishes single family home owners for hoarding land. You could build a ton of apartments on a single American-sized sfh lot.
I don’t see that it does that. What do you mean?
That assumes that all land is taxed at a similar value. However my property at 1/5 of an acre in town is worth more than a standard suburban acreage.
I think this continues to discourage living in higher density downtowns where there is walkability and transit, while enocuraging sprawl because large single family suburban lots are cheaper so have lower tax