Smaller, less expensive homes would have less tax avoided than larger, more expensive homes.
1000sqft or 10,000sqft, small rural home or prime real estate, both zero tax. There's no incentive to improve land use.
1000sqft or 10,000sqft, small rural home or prime real estate, both zero tax. There's no incentive to improve land use.
Or just make the law have size limitations to be eligible for the exemption.
Easily addressed issue. Not even worth duscussing.