Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

LisaM

(29,682 posts)
9. It's not always that simple.
Tue Jun 11, 2024, 02:26 PM
Jun 2024

My BF's family has a cabin that has been in the family since 1938. It's now set up in a trust. All of his siblings, their kids, and now some cousins use it. They are a long time member of the community and have ties going back to the 1850s.

It's not technically a first residence, but the biggest cost by far is the property taxes and if they were even doubled, the property might have to go out of the family. This would not be a benefit to anyone, including the community. It's used much of the year. If it went out of the family, it would most likely become an Airbnb or VRBO.

Any law like this needs to be very carefully examined so that there aren't unintended consequences.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Latest Discussions»General Discussion»a property tax proposal f...»Reply #9