What does land mean in this context does it mean property? How am I supposed to be 100% tax on property that does not generate money because it’s a house? Is the property value drops then I’m losing money under this scheme.
No the idea is that it is very distinct from property. It is just the value of the land. Any “improvement”, be it a house, a factory, or an apartment building is untaxed.
What does land mean in this context does it mean property? How am I supposed to be 100% tax on property that does not generate money because it’s a house? Is the property value drops then I’m losing money under this scheme.
No the idea is that it is very distinct from property. It is just the value of the land. Any “improvement”, be it a house, a factory, or an apartment building is untaxed.