this post was submitted on 16 Jan 2024
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Just sayin (mander.xyz)
submitted 10 months ago by [email protected] to c/[email protected]
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[–] [email protected] 0 points 10 months ago (1 children)

Your not homestead house will be ~$2,000 higher in taxes than if it were not homestead. Exemption is up to $100k I believe, so I'm going off roughly 2% of exemption for additional taxes.

[–] [email protected] 0 points 10 months ago (1 children)

And all that higher tax cost is passed directly on to tenants

[–] [email protected] 1 points 10 months ago* (last edited 10 months ago)

At some point the taxes would be so high that nobody could afford to rent and the owners would lose money forcing them to sell. Which is fine. Just gotta make the taxes higher for more than x houses.