Re:California homeowners made more money in equity than work...
by imtringued on Sunday June 13, 2021 @08:45AM
(#27492110)
One solution would be to have desired levels of zoning and base taxes on desired level of zoning of the plot. Each level of zoning would have a per m^2 value and is assessed for the entire neighborhood.
For example, you start with detached single family home zoning. As it is not very dense the rate will be very low so that it is affordable. Once house prices go up in value and row houses and duplexes become viable you raise the desired level of zoning so that duplexes and row houses have the minimal tax burden. Next step would be x stories of apartments. Again the tax is set so that x story apartment buildings have the smallest tax burden per unit. There would be a tax burden per unit (2 different rates for houses and apartments) for the neighborhood on which the actual zoning prices are based on.
E.g. One apartment pays 5k means zoning for 10 apartments will charge $50k. You can still build a single family home if you can afford that tax. Most won't.
This forces popular neighborhoods to provide more housing and punishes land owners that do not improve the value of the property built on top of the land.
For example, you start with detached single family home zoning. As it is not very dense the rate will be very low so that it is affordable. Once house prices go up in value and row houses and duplexes become viable you raise the desired level of zoning so that duplexes and row houses have the minimal tax burden. Next step would be x stories of apartments. Again the tax is set so that x story apartment buildings have the smallest tax burden per unit. There would be a tax burden per unit (2 different rates for houses and apartments) for the neighborhood on which the actual zoning prices are based on.
E.g. One apartment pays 5k means zoning for 10 apartments will charge $50k. You can still build a single family home if you can afford that tax. Most won't.
This forces popular neighborhoods to provide more housing and punishes land owners that do not improve the value of the property built on top of the land.