Many locations already do this, though I guess it could be increased. Where I live now, non-owner occupied housing pays 4-5x more in property taxes. It most likely get passed on to renters.
It also has a weird effect in a nearby, very expensive neighborhood where most of the houses are vacation homes. Since locally, a total property tax number is decided and then split among houses, anyone actually living in the very expensive neighborhood is subsidized by second homes and pays some of the lowest property taxes around.
Many locations already do this, though I guess it could be increased. Where I live now, non-owner occupied housing pays 4-5x more in property taxes. It most likely get passed on to renters.
It also has a weird effect in a nearby, very expensive neighborhood where most of the houses are vacation homes. Since locally, a total property tax number is decided and then split among houses, anyone actually living in the very expensive neighborhood is subsidized by second homes and pays some of the lowest property taxes around.