A large building with a lot of rentals would be taxed at a high total value, and this increased cost would be passed on to renters, thereby defeating the purpose. It should o ly apply to unrented properties.
Side note, I know nothing about rent control though.
A large building with a lot of rentals would be taxed at a high total value, and this increased cost would be passed on to renters, thereby defeating the purpose. It should o ly apply to unrented properties.
Side note, I know nothing about rent control though.
Wrong. Renters are already paying the most the market will bear.