• joshhsoj1902@lemmy.ca
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      6 months ago

      Are there places that only collect property tax once a building is built on it? As far as I understand, empty land is typically taxed via property tax

      • yimby@lemmy.ca
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        6 months ago

        No, the building on that land is assessed for value and property tax is levied based on that assessment. This is how it works throughout Canada/the US.

        • joshhsoj1902@lemmy.ca
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          6 months ago

          My experience is that vacant land does have property tax collected on it. But that may be unique to Ontario.

          • Revan343@lemmy.ca
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            5 months ago

            The point is that we should only be taxing the value of the land, not the value of buildings/improvements built on it. ‘Property tax’ implies you’re taxing both, ‘land tax’ implies only taxing the land itself