I have an idea! why don't you start taxing apartment buildings based on their rent assuming that they were at full capacity. for instance, if you have an apartment building with 100 rooms available renting at $2,000 a room, and your tax rate is 10%, tax that landlord $20,000 a EDIT: month, not year!
instead of having tons of empty apartment buildings because the landlords refuse to lower rents in order to maintain the property value of the apartment, maybe you will actually fill up all of that living quarters!
I have an idea! why don't you start taxing apartment buildings based on their rent assuming that they were at full capacity. for instance, if you have an apartment building with 100 rooms available renting at $2,000 a room, and your tax rate is 10%, tax that landlord $20,000 a EDIT: month, not year!
instead of having tons of empty apartment buildings because the landlords refuse to lower rents in order to maintain the property value of the apartment, maybe you will actually fill up all of that living quarters!
100x2k is 2M/month. 2M/month is 24M/year 10% would be 200k/month, 2.4M year.
lol we are both bad at math.
2000x100 = 200,000.
200,000x12 = 2,400,000.
10% of 2,400,000 = 240,000 (yearly tax).
240,000/12 = 20,000 (monthly tax)
This is why you don't math in public without two calculators and pencil and paper