In Austria it is even worse. The stamp duty is only for literally buying the house in your name. Thus all sufficiently expensive real estate is wrapped in shell companies where the transfer is untaxed.

The result - stamp duty is exclusively paid by middle class people actually buying homes, never by the rentier class. They already used the money up front to buy the votes for this law apparently

Except they don't, taxing single house owner is just cost of living increase any time area gets gentrified or more desirable

It's basically excuse to get rid of poor that made a mistake of buying a house in area that turned more expensive 2 decades after.

Tax anything after first house, sure, but taxing house by value is terrible idea that never actually worked in a way proponents are saying it would