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this post was submitted on 24 Aug 2023
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Economics
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Not sure what my personal situation has to do with it, but I am indeed a home owner. To be clear I don't think you should have to pay property tax in addition to income tax on the imputed rent. It's one or the other and I think income tax on imputed rent is fairer and makes more sense. In my case, if I were to pay income tax on the imputed rent of my house instead of the property tax, I would paying less than half of what I am now at current rates. I don't think such a change would price people out of home ownership, but it might make people reconsider owning too much home.