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English-speaking countries can't build housing (feddit.uk)

submitted 4 days ago* (last edited 4 days ago) by NomNom@feddit.uk to c/dataisbeautiful@mander.xyz

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[–] prodigalsorcerer@lemmy.ca -1 points 3 days ago (1 children)

You pay taxes based on relative home value, not absolute value. If everyone's house goes up by the same percentage, everyone still pays the same amount of tax. It's only when you make big renovations or additions that your property taxes go up relative to your neighbours.

[–] HubertManne@piefed.social 1 points 3 days ago* (last edited 3 days ago)

yeah but that is what people get excited about. The value going up of theres or the complex and not in the whole area. I want my place to be the cheapest in the area. Until I need to move of course then I want it highly overvalued.