Your not homestead house will be ~$2,000 higher in taxes than if it were not homestead. Exemption is up to $100k I believe, so I'm going off roughly 2% of exemption for additional taxes.

[–] Bocky@lemmy.world 2 points 5 months ago (2 children)

And all that higher tax cost is passed directly on to tenants

[–] Riven@lemmy.dbzer0.com 4 points 5 months ago* (last edited 5 months ago)

At some point the taxes would be so high that nobody could afford to rent and the owners would lose money forcing them to sell. Which is fine. Just gotta make the taxes higher for more than x houses.

[–] calypsopub@lemmy.world 1 points 5 months ago

Bingo. Most of these tax schemes will hurt the renter, not the landlord.