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Metropolitan DC Local Politics
Reply to "MoCo looking at increasing income taxes for those making above $150K"
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[quote=Anonymous]Rental properties are a huge net negative on the tax base. The actual owners not only deduct property taxes, but also repairs, upgrades, depreciation, operating expenses, qualified business income, etc. On top of that many, many rental properties in Montgomery County are, shall we say, “multi family” and further dilute the tax base. It makes renters feel good to think they are contributing to the tax base, but that’s not reality. Local governments need to make sure their housing stock is appropriately balanced between owners and renters or else they find themselves in the predicament that MC is in. From a fiscal perspective rental populations only makes sense in vacation areas where tenants are short term, do not require government services, and are subject to an occupancy tax. [/quote]
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