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This is one of the most stupid laws in this country, i will never understand why i should be punished by paying more taxes for fixing up my house with my own money, which in turn also improve the overall neighborhood and generate jobs for the contractors. Meanwhile someone who let their house fall apart is rewarded with lower tax.
I can understand if we are talking about commercial or large investment properties as it will allow more people to live in and/or generate more income, so the business owner should pay more taxes.
But for primary residence it makes absolutely no sense. Everyone should be taxed fairly based on the size of the lot they own, NOT how nice their house is.
The government isnt paying anything to renovate my house, so why should they tax me more than my neighbors. Only other argument i see is if you sell it you will make more money from a renovated property - fine, then tax the seller for the profit made when the house is SOLD not someone who lives there and just decide to spend some of his own money to improve the property.
/soapbox
Rate up!
I been saying this for a long time. There is going to come a point when people will not add to their houses or do away with the fireplace and in ground pool because of the tax increases.
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