Home Life Edition Debate Thread, Issue 33: In favor or against imposing a property tax? (3 Wealth points for replies)
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This post was last edited by cflt111 on 2015-10-5 at 10:12. The issue of whether to impose a property tax has been under discussion for a long time; there are various opinions as to whether such a tax should be applied to existing properties, and no consensus has been reached. Now, please share your personal views. I hope everyone will participate actively.
I had originally agreed blindly, but recently I suddenly wondered: how should it be collected? Some are housing units resulting from housing reform, for which little money was spent by the owners; others are priced at market rates, and a large portion of the cost has already been paid in land sale proceeds. I support heavy taxes on second homes.
No tax should be imposed on basic housing, while taxes should be levied on second homes and those with more units, and progressive tax rates should be applied.
Taxes should be levied, and there are also areas that are exempt from taxes. **It has also been considered: land-based finance is not sustainable; property tax is the way to go.
I think taxes start to be imposed on the third home. . . . . . . . . . . . .
How is the incremental interest rate expressed? Could you explain it? Is it additive or progressive?
It seems like you know a lot; why not share that knowledge with everyone?
Disagree. The salary is already taxed once
This post was last edited by cflt111 on 2015-10-6 at 16:14. Sorry, I made a mistake – it should be an increasing interest rate; that is, no tax is imposed on the first home, while taxes are applied to the second or third home, with the interest rate rising for each additional home.
Do you think house prices will keep rising?
Disagree. **The goal is to regulate housing prices by imposing a property tax, but generally taxes increase the cost of goods, which in turn drives up prices; therefore, it is difficult to bring down housing prices. I heard before that a consumption tax on luxury residential properties was going to be introduced; I’m not sure what the situation is now.