• Echo Dot@feddit.uk
      0·
      6 months ago

      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.

      • Amadou_WhatIWant@lemmy.world
        1·
        2 months ago

        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.