Your company definitely bought / financed it, so it is clear evidence of your financial means at the purchase time.
Businesses that own land don't pay federal taxes, they can just declare 0 profit every year while paying for range rovers for the owners.
And if you read the linked paper, particularly the "Effects of Reassessments on Split-Rate Taxing Bodies" (split rate being the riff you're referring to), making land value assessments more accurate of course makes land value taxation more appealing.
doublepg23•40m ago
I actually went through the Allegheny county “newcomer tax” just some months ago.
It was a bit of a strange process to appeal (I lost; my house is very weird for the area).
While I do see the benefit for not raising taxes so consistently for long-term owners (and could definitely see gentrification-esque effects) it does seem like a pretty obvious - if bitter - pill to swallow if the area is going to have any chance of continued growth.
trollbridge•18m ago
happytoexplain•10m ago