I fully agree with this, but maybe a little tweak.
When the commercial space goes vacant, increase property tax by the monthly average of the rent charged over the past 7 years (excluding months with zero rent).
If rented to a commercial entity with more than 100 employees (including part-time and temp) the property tax does not decrease, otherwise if to a mom/pop type business the tax will drop.
That sounds like an utter nightmare from the administrative side, and likely ripe for massive gaming and corruption. Among other things, who now will have the authority to notify taxing bodies of new tax rates on a per unit/property basis and what kind of oversight is there?
When the commercial space goes vacant, increase property tax by the monthly average of the rent charged over the past 7 years (excluding months with zero rent).
If rented to a commercial entity with more than 100 employees (including part-time and temp) the property tax does not decrease, otherwise if to a mom/pop type business the tax will drop.
Maybe this will encourage 'livable' rents.