By: richard schlinder

richard schlinder — Tue, 06 Oct 2015 19:54:00 +0000

The tax asset value should be only taxed on square footage and construction costs. Once a house is built,it’s value can go up or down. Many recently built houses have seen their value go down.This is a lot like a flat tax where a person builds a house for $100,000 ,he pays .25% tax. A Camicino builds a $30,000 house ,he pays .25% tax. Which person pays more money? The one that could afford the more expensive house even though the tax rate is the same.The same should be true for buying new cars.
In Florida,they went with an acest appraisal law but the fluctuation of house prices caused them to go back and change the law to current values for assessing taxes.There too,with the previous law,people were losing their homes because the acest appraisals were too high for the times.

Comments on: Libertarian lawmakers present bill to reform Costa Rica’s property tax

By: richard schlinder