[calineczka]

How does the property tax work in the US? How big is it? There is a similar concept in Poland but the values are relatively low and I don't think they affect the economy of cities much. Also, it doesn't get bigger if you renovate. It depends on the square meters of the building.

[chewz]

Each and every MoF is suggesting real estate value tax in Poland. Sooner or later they will get what they want.

In Italy Berlusconi abolished this tax I think but it works in other EU countries.

It ain't such a bad way of taxation. At the right rate it stimulates the economy - instead of being frozen in real estate excess capital (peoples savings) moves into more productive parts of economy. Sorry link is in Polish.

https://ksiegowosc.infor.pl/podatki/podatki-osobiste/podatek...

[afarrell]

> It depends on the square meters of the building

Is that the Sq meters of the ground floor, or sq meters when you add up the space of all the floors?

If the former, that sounds like a land value tax—-something that lots of people have suggested would improve construction incentives

[Tade0]

We have both in Poland - they're pretty minimal unless you're running a business in there - then the latter shoots up roughly 30x[0].

[0] Provided you dedicate at least one whole room for commercial activity. If you don't then apparently there's no additional taxation. I am not qualified to give tax-related advice though, so don't quote me on that.

[hanging]

Property tax is a function of assessed value of the land plus improvements (generally buildings).