Problem is property tax valuation ends up mixing up people just using their house as a place to live, and folks using it as a financial instrument.
Most tax districts have a “homestead exemption” which is limited to one home per homeowner. You can game this (spouses and children having property declared in their names, for instance). But - broadly speaking - the law does accommodate this exception.
The bigger problem is that our financial sector is so bloated with unspent cash and so hungry for ROI that our tax system isn’t a serious deterrent to landlordism and financialization of real estate.
Most tax districts have a “homestead exemption” which is limited to one home per homeowner. You can game this (spouses and children having property declared in their names, for instance). But - broadly speaking - the law does accommodate this exception.
The bigger problem is that our financial sector is so bloated with unspent cash and so hungry for ROI that our tax system isn’t a serious deterrent to landlordism and financialization of real estate.