Ladies and Gentlemen of SAES.
Today @Joe and I worked out a new taxing system on all personal properties. Personal properties are properties sold by auction on the SAHA forums by the properties owner. The system of tax on inactive auctions (property max price - sale price = tax) will remain the same.
This new tax system sets out to incentivise property owners to sell their properties. We will now tax how much the property is sold for, not how much the property is worth. This means the astronomical tax rate on the 0-500k properties that went up to 10m or more will no longer be taxed the same as a 500k property that got sold for 200k. We have also changed the ceiling prices of all properties that you can read about in the next section.
The new tax rates are as follows:
Properties sold for under $750,001 will be taxed @ 30% (This includes properties sold for $750,000)
Properties sold for between $750,000 and $1,500,001 will be taxed @ 25%
Properties sold for between $1,500,000 and $3,000,001 will be taxed @ 20%
Properties sold for between $3,000,000 and $5,000,001 will be taxed @ 15%
Properties sold for over $5,000,000 will be taxed @ 10%
Furthermore from above, @Joe and I worked out a new ratio for ceiling prices.
A ceiling price is the absolute most amount of money a property can be sold for. Properties can ONLY be sold for above their max price in game if the auction takes place on the SAHA forum under SAHA rules. As per usual any player found selling their property above the max price of the icon in game will lose all of their properties and money.
The new ceiling rates are as follows:
Properties with a max price under $750,001 will have a ceiling price of Unlimited. (This includes properties sold for $750,000)
Properties with a max price between $750,000 and $1,500,001 will have a ceiling price of 1000%.
Properties with a max price between $1,500,000 and $3,000,001 will have a ceiling price of 800%.
Properties with a max price between $3,000,000 and $5,000,001 will have a ceiling price of 600%.
Properties with a max price over $5,000,000 will have a ceiling price of 500%.
Under the new rates this property would have the following;
Tax Rate: If sold for $750,000 the tax rate would be 30%. This means $225,000 would be taken from the owner as tax if this was purchase through a personal auction.
Ceiling: 1000% which works out as $7,500,010
Tax Rate: Again this depends on the eventual sale price. If this property sold as it is now for $750,000 it would be taxed at 30%. If this property sold at its ceiling price of 7.5 million it would be taxed at 10%.
Ceiling: The ceiling rate of this property is 600%. The ceiling price is therefore $30,000,000.
Tax Rate: This property, if sold at max price, would be taxed at 10%. If it was sold for exactly $5,000,000 it would be taxed at 15%.
THESE CHANGES ARE FINAL. THESE CHANGES COME AFFECT ANY PROPERTY SOLD AFTER MAY 10TH AT 11:59pm.