Double property taxes on owners, but give back a property tax credit on owner-occupants, so that the effective tax rate on owner occupants falls, and the only people paying the doubled tax rate are investors.
Statutorily increase the tax rate and credit when owner occupancy is below 80%, and reduce the tax rate and credit when owner occupancy rises above 90%.
No because not all landlords are capitalized equally. A new investor with a huge mortgage would. An old landlord with paid off property wouldn’t. Unless they collude.
Double property taxes on owners, but give back a property tax credit on owner-occupants, so that the effective tax rate on owner occupants falls, and the only people paying the doubled tax rate are investors.
Statutorily increase the tax rate and credit when owner occupancy is below 80%, and reduce the tax rate and credit when owner occupancy rises above 90%.
Wouldn’t landlords simply pass those costs onto their renters?
No because not all landlords are capitalized equally. A new investor with a huge mortgage would. An old landlord with paid off property wouldn’t. Unless they collude.
Introduce rent control
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