Okay, then let's just base the taxes on the purchase price, not on the value of improvements. Makes perfect sense to me.
But I'm aware of the problem that THIS would cause. People would be improving their old places instead of buying new ones. The endless cycle of rising property values would be dampened. Sounds like a good thing to me, but the real estate agents--and the politicians who like good "economic growth" numbers--would have a fit. Then again, the third- or fourth-generation lobstermen up here in Maine wouldn't be forced to sell to rich out-of-towners and move inland.
Heard an interesting story yesterday. At a town meeting on fisheries, some rich oceanfront property owners were complaining about how the fishermen were spoiling the view. They had paid good money for those ocean-front houses and didn't want a bunch of lobster traps out there spoiling their tranquility. Said one long-time lobsterman, who was on the commission, "you know, when you're out there in a boat looking back up at the shore, those houses you rich folks are building aren't exactly improving the view, either.
Jim
Jim
But I'm aware of the problem that THIS would cause. People would be improving their old places instead of buying new ones. The endless cycle of rising property values would be dampened. Sounds like a good thing to me, but the real estate agents--and the politicians who like good "economic growth" numbers--would have a fit. Then again, the third- or fourth-generation lobstermen up here in Maine wouldn't be forced to sell to rich out-of-towners and move inland.
Heard an interesting story yesterday. At a town meeting on fisheries, some rich oceanfront property owners were complaining about how the fishermen were spoiling the view. They had paid good money for those ocean-front houses and didn't want a bunch of lobster traps out there spoiling their tranquility. Said one long-time lobsterman, who was on the commission, "you know, when you're out there in a boat looking back up at the shore, those houses you rich folks are building aren't exactly improving the view, either.
Jim
Jim