Property Tax

Property tax is a vital component of player-owned properties and their utilisation. The tax is automatically deducted from the owner's bank account every 24 hours. In the event that the player lacks sufficient funds to cover this expense, the property faces foreclosure after 7 days of unpaid tax which is then processed on the 8th day. To enhance the player experience, a refund is initiated, amounting to 60% of the property value minus outstanding payments. This system establishes a dynamic cycle, continuously reintroducing older properties to the market and creating opportunities for new players seeking their own property.

Property tax is charged at a fixed rate of 4% of the properties value / 7 charged daily.

Example: The property tax fee for a property worth $35,000 would be: $200 every 24 hours. If the property forecloses the owner will be returned $19,600.