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[–] 4 points 5 months ago* (2 children)

A large building with a lot of rentals would be taxed at a high total value, and this increased cost would be passed on to renters, thereby defeating the purpose. It should o ly apply to unrented properties.

Side note, I know nothing about rent control though.

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  • [–] 0 points 5 months ago

    In many places residential is already taxed less but you are right it would likely have a negative effect at high density. My guts says it would push more toward the 4 over 2's that are already prevelent due to their cost vs return. Possibly rentals would get assesed like condos and then added together. I could see that.

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