Economics

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Landlords should have to pay income tax on their rental properties regardless of whether they're rented out or not. (gothamist.com)

submitted 1 year ago by CrimeDad@lemmy.crimedad.work to c/economics@lemmy.ml

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Why? Because apparently they need some more incentive to keep units occupied. Also, even though a property might be vacant, there's still imputed rental income there. Its owner is just receiving it in the form of enjoying the unit for himself instead of receiving an actual rent check from a tenant. That imputed rent ought to be taxed like any other income.

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[–] greenskye@lemm.ee 5 points 1 year ago

Wrong. Basically everyone who's ever paid property taxes has been taxed on value. Even though I haven't sold it or nor plan to anytime soon, I owe increased taxes because the estimated value of it has gone up.