So is a single family home worth 4mil
Comment on ‘My Property Tax Went From $15K to a Life-Altering $91K a Year’
krashmo@lemmy.world 2 months agoI mean, bullshit strategies and apparent entitled attitude aside, she does have a point. $90k is an absurd property tax rate for a single family home.
joel_feila@lemmy.world 2 months ago
astutemural@midwest.social 2 months ago
Did you see the photo in the article? It’s a ‘single-family home’ in the way a Mercedes SUV is a minivan.
I mean, yah, housing is way too fuckimg expensive. But that is very definitely not a no-frills family home.
BastingChemina@slrpnk.net 2 months ago
The house is valued at $4.4 millions.
krashmo@lemmy.world 2 months ago
If it costs $90k for a $4 million home then a $1 million home would be taxed at $22.5k. That’s still half a years salary at median wages for an average priced home in many markets. Don’t let your hatred for rich people lead you to advocating for shitty policies.
fireweed@lemmy.world 1 month ago
I’m going with this is the actual problem.
Also, your math assumes a flat tax rate, and any decent tax system is progressive. I don’t know how Florida’s works, but again, actual problems.
krashmo@lemmy.world 2 months ago
I don’t think it matters what the house looks like. That’s a ridiculous amount for any single home. I understand the desire to tax the rich but there are better ways to accomplish that than jacking up property taxes for everyone, especially when inflationary housing costs are a simultaneous concern.
WoodScientist@sh.itjust.works 1 month ago
The solution is to demolish the home and build multi-family housing there. Low density single family zoning has no place in an area where the land values are that expensive. Keep that kind of development on the urban fringe where it belongs.